💨 Abstract

Ola Electric, India's largest electric two-wheeler maker, has eliminated its regional warehouses and will utilize its 4,000 retail stores for vehicle inventory, spare parts, accessories, and deliveries. This move aims to boost EBITDA margins by 10 percentage points and improve customer delivery times. The company is also optimizing its vehicle registration process and renegotiating contracts to save about Rs 30 crore monthly.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖