Ola Electric, India's top electric two-wheeler maker by sales, said on Monday it is eliminating some roles due to restructuring and automation, with Bloomberg News pinning the number at over 1,000, amid the company's push for profitability.

The job cuts will affect multiple departments, including procurement, fulfilment, customer relations and charging infrastructure

Ola Electric layoffs comes just months after the company, led by Bhavish Aggarwal, made 300-400 employees redundant—less than 10% of its workforce—citing a stronger emphasis on profitability.

Ola Electric Mobility, India's top electric two-wheeler maker by sales, is laying off more than 1,000 employees and contract workers as it seeks to prioritise profitability, Bloomberg News reported on Monday,

In November last year, the SoftBank-backed EV maker had cut jobs. By the end of last year, Ola Electric had 3,824 employees, nearly two per cent less than what it had in 2023, said a report by market intelligence platform Tracxn.

Shares of Ola Electric Mobility on Monday fell more than 3 per cent on Monday after reports that the company is planning to cut around 1,000 jobs across different functions as part of a restructuring