ola electric : Ola Electric opens scooter retail stores

Electric vehicle manufacturer Ola Electric opens retail stores across the country amid falling sales of its flagship product Hello S1 Pro scooter

“Opening experience centers across the country. 20 already, over 200 by March!” tweeted hello founder Bhavish Aggarwal.

Sources told ET that these stores will be owned and operated by the company.

ET reported on July 29 that the company held an internal competition to boost sales by allocating different regions to key Ola executives following a drop in sales of S1 Pro, which costs around Rs 1.40,000.

The company then launched a variant under Rs 1 lakh on August 15 called S1.

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Ola laid off around 1,000 employeesaccording to sources who spoke to ET as the company went through another restructuring.

The Bhavish Aggarwal-led company could cut costs further, which could lead to a reduction in its engineering workforce in the ride-sharing sector.

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