Ola Electric Plans to Cut Store Count to 550 Amid Market Share Slide
February 26, 2026
Ola Electric plans to cut store count to 550 amid falling sales, staff exits, and rising competition in India’s EV market.
Ola Electric plans to cut store count to 550 amid falling sales, staff exits, and rising competition in India’s EV market.
Ola Electric Technologies Pvt Ltd continues to suffer pressure in India’s electric two-wheeler sector, with early 2026 registrations showing a slow start to the year. The company reported 7,365 units in January and 2,654 units through mid-February, bringing its year-to-date total to 10,019 units. The subdued momentum follows a weak close to 2025, when Ola Electric slipped to sixth position in November after registering 8,190 units, which is one of
Ola Electric is struggling to secure new funding for its EV business due to plunging sales, sinking market share, and negative cash flow.
