Ola Electrical CTO and CMO resign from their positions with fast impact, firm informs

Ola Electrical, the electrical two-wheeler maker, introduced in a regulatory submitting that its chief product and expertise officer Suvonil Chatterjee and chief advertising and marketing officer Anshul Khandelwal have resigned from their respective positions.

Chatterjee, who initially joined the corporate as head of design six years in the past, performed a vital function within the improvement of key merchandise akin to Ola Krutrim and Ola Maps. He was promoted to Director of Expertise and Product in 2021.

Khandelwal, who joined the group in 2019, served as head of promoting and income at Foodpanda earlier than its acquisition by Ola in 2020. He then moved to go of promoting at Ola Meals and ultimately moved up the ranks. ranks to tackle the place of Head of Advertising and marketing and Income at Foodpanda. place of Advertising and marketing Director at Ola Electrical.

Final month, Ola Group HR Director N Balachandar had resigned from his submit.

In November 2024, Ola Electrical disclosed a significant restructuring effort affecting a minimum of 500 workers. The transfer follows two earlier restructuring workout routines in September 2022 forward of the corporate’s IPO, throughout which new hires had been introduced. The intention was to centralize and streamline operations in varied sectors.

The latest departures got here shortly after Ola Electrical revealed plans to considerably broaden its retail and companies community from 800 to 4,000 shops throughout the nation.

On November 8, Ola Electrical reported a narrower second-quarter web loss, attributed to greater gross sales and decrease uncooked materials prices. The Bangalore-headquartered firm stated its consolidated loss fell to Rs 495 crore within the July-September interval from Rs 524 crore within the earlier 12 months.

Shares of Ola Electrical rose as a lot as 6 per cent to hit a excessive of Rs 99.9 on Thursday following the announcement of opening of over 3,200 new shops co-located with service facilities. The transfer marked India’s largest enlargement of electrical automobiles in a single go.

Regardless of a 30% enhance final month, Ola Electrical inventory has seen an 8% decline over the previous three months.

India’s main pure-play electrical automobile firm has now expanded its presence to 4,000 shops throughout the nation, enabling higher attain in cities and institutions throughout the nation, together with past the cities of degree 1 and degree 2.

Ola Electrical has simply launched a spread of recent scooters, which embrace the Ola Gig, Gig+, S1 Z and S1 Z+ fashions. Their costs begin from Rs 39,999, catering to the totally different wants of customers in city, semi-urban and rural areas. These scooters characteristic sturdy designs, detachable batteries, and versatile options. Deliveries of those fashions are anticipated to start in April and Could 2025, and bookings are at present accessible for Rs 499.