Ola Electric Shuts Underperforming Stores in Distribution Overhaul
Facing margin pressure and post-IPO investor scrutiny, Ola Electric is trimming its retail footprint, closing weak outlets as EV two-wheeler rivals TVS, Bajaj, and Ather intensify competition.
Ola Electric is redesigning its retail distribution network, closing underperforming outlets to improve profitability amid competitive pressure in India's EV two-wheeler market and investor scrutiny post-IPO.