Business Standard

Ola Electric Profitable on Unit Sales: Chief marketing and revenue officer

"Through volume numbers and unit sales one can see, we are not making a loss," says Anshul Khandelwal

Ola Electric, EV Scooters, Two-Wheelers

Earlier, in an interview with this paper in December, Bhavish Aggarwal, founder and CEO of Ola had said, the company was aiming to become profitable in 2023.

Nitin Kumar New Delhi
Electric two-wheeler company Ola Electric is making profit on unit sales on the back of manufacturing efficiency and economies of scale, said its chief marketing and revenue officer. Though the company declined to share the revenue numbers, it said it is not making a loss.

“We are the most capital efficient business out there in terms of our manufacturing efficiency, economies of scale through our investment in research and development, technology and innovations, which lead us to improve our cost structures,” Anshul Khandelwal, chief marketing and revenue officer, Ola, told Business Standard in an interview.

In December, when

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First Published: Jan 17 2023 | 10:37 PM IST

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