Author: Wittiya Team

The Rise and Fall of Ola Electric: Layoffs, Customer Backlash, and the Once-Dominant EV Giant’s Uncertain Future

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Ola Electric, once the dominant force in India’s electric two-wheeler market, now faces an uncertain future marked by mounting financial losses, mass layoffs, and customer dissatisfaction. Founded in 2017 by Bhavish Aggarwal, the company’s aggressive expansion and heavy reliance on imported Chinese components have led to operational and service challenges. With leadership exits and declining market share amid fierce competition from legacy players like TVS and Bajaj, Ola Electric’s journey from disruptive innovator to a cautionary tale in India’s EV landscape is unfolding rapidly. Ola Electric, founded in 2017 by Bhavish Aggarwal, rapidly emerged as a prominent player in India’s…

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