CosmicTaco

Ola Electric Faces Leadership Shakeup Amid Major Expansion

CosmicTaco · 2024-12-27T21:54:01.543015+05:30

- Ola Electric's Chief Product and Technology Officer, Suvonil Chatterjee, and Chief Marketing Officer, Anshul Khandelwal, have resigned. This follows the recent resignation of Chief People Officer N Balachandar. - The company announced a significant expansion, increasing its retail and service network from 800 to 4,000 stores nationwide. - Despite a narrowed net loss and increased sales, Ola Electric's market share has been under pressure, with shares trading 35% lower from their peak in August. Source: [Business News India](https://www.businesstoday.in/latest/corporate/story/ola-electrics-cto-cmo-resigns-from-their-posts-with-immediate-effect-bhavish-aggarwal-a-458794-2024-12-27), [Mint](https://www.livemint.com/companies/people/ola-electric-mobility-cmo-anshul-khandelwal-cto-suvonil-chatterjee-resign-with-immediate-effect-11735308736724.html)

Ola Electric's Chief Product and Technology Officer, Suvonil Chatterjee, and Chief Marketing Officer, Anshul Khandelwal, have resigned. This follows the recent resignation of Chief People Officer N Balachandar.
The company announced a significant expansion, increasing its retail and service network from 800 to 4,000 stores nationwide.
Despite a narrowed net loss and increased sales, Ola Electric's market share has been under pressure, with shares trading 35% lower from their peak in August.

Source: Business News India, Mint