In a regulatory filing on December 27, 2024, Ola Electric confirmed the resignations of Chief Marketing Officer Anshul Khandelwal and Chief Technology and Product Officer Suvonil Chatterjee. Both executives stated personal reasons for their departures. Khandelwal expressed gratitude for contributing to Ola’s vision, while Chatterjee thanked the company’s management and employees for their support during his tenure.
Ola Electric’s Rapid Network Expansion
Despite the leadership shakeup, Ola Electric continues to grow. The company announced a fourfold increase in its store network, reaching 4,000 locations across India. This expansion includes over 3,200 new stores co-located with service centers, targeting not just metropolitan and Tier I cities but also smaller towns and tehsils.
Bhavish Aggarwal, Chairman and Managing Director of Ola Electric, highlighted the innovation behind the expansion:
“With our newly opened stores co-located with service centers, we have completely redefined the EV purchase and ownership experience, setting new benchmarks with our #SavingsWalaScooter campaign.”
Challenges Ahead for Ola Electric
The leadership exits occur amidst reports of financial challenges and potential layoffs of up to 500 employees. Additionally, industry competition has intensified, challenging Ola Electric’s market dominance. While the expansion aims to solidify its presence in smaller markets, sustaining operational efficiency and growth amidst these hurdles will be crucial for the company’s future.
A Milestone in EV Accessibility
With this extensive network of stores and service centers, Ola Electric aims to make EVs more accessible and improve customer experience nationwide. The brand continues to push its vision of a sustainable future through innovation and expansion, even as it navigates transitions in its leadership team.
Stay updated with developments in the EV sector to understand how these changes shape the future of Ola Electric and the broader electric vehicle industry.
