Ola Electric is gearing up for a significant leap in its growth trajectory, with the much-anticipated launch of its motorcycles set for late March or early April.
With an eye on expanding its product range and market reach, the company is poised for robust market share growth, currently holding a 28% share as of February. According to Ola Electric’s CFO Harish Abichandani, improving distribution networks will be key to continued success, driving further market share gains.
Ola Electric Market Expansion Will Fuel Its Future
Beyond product expansion, the company has made strides in operational efficiency, implementing cost-saving measures that have already resulted in monthly savings of Rs 90 crore ($10 million US).
These cuts, expected to fully take effect by April 2025, include streamlining inventory management and reducing delivery times from 12 days to just 3-4 days.
Its profitability timeline is also moving ahead of schedule. Originally aiming for break-even with 50,000 monthly deliveries, it now expects to reach profitability sooner due to stronger-than-anticipated cost reductions.
With a projected break-even in Q1 FY26, the company is on track to solidify its position as a leader in the electric vehicle market, offering a strong roadmap for future success. With continued success, I wouldn’t be surprised to see these electric bikes in the US someday.
Source: iMotorbike, Ola Electric
