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Ola Electric announced the resignation of Chief Product and Technology Officer Suvonil Chatterjee and Chief Marketing Officer Anshul Khandelwal, following a significant restructuring effort impacting 500 employees. The company reported a narrowed net loss in the second quarter, leading to a 6% rise in shares after unveiling plans to expand its retail and service network to 4,000 stores. Ola Electric has introduced new scooter models with prices starting at Rs 39,999, targeting diverse user needs in urban, semi-urban, and rural areas, with deliveries set to begin in April and May 2025.
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