Ola Electric expects to turn EBITDA positive by Q1 FY26

EV player Ola Electric expects to achieve an EBITDA breakeven in its automotive segment by the first quarter of FY26.

The company stated that it has reduced costs by ₹90 crore per month through the implementation of its Network Transformation and Opex Reduction Program. As part of this initiative, Ola Electric shut down all regional warehouses and shifted to a direct distribution model, shipping vehicles, spare parts, and accessories from its factory directly to stores. Additionally, the company has automated registration and other processes while enhancing productivity across its sales and service network.

• Also read: Ola Electric to cut over 1,000 jobs to curb losses, sources say

Beyond cost savings, these measures have helped reduce average vehicle inventory from approximately 35 days to 20 days and cut customer delivery time from 12 days to 3-4 days, the company said in a statement. The company also noted that its vehicle registration process transformation is in its final stages. Daily registrations have increased significantly, surpassing the average daily sales recorded in January and February 2025, with over 800 registrations per day.

The shares of the company closed at ₹51.11, up by 0.39 per cent on the BSE.