New Delhi, Feb. 8 -- Homegrown electric two-wheeler maker Ola Electric will need to consistently sell 50,000 units every month in order to achieve profitability, its founder and chief executive officer (CEO) Bhavish Aggarwal said on Friday.
Speaking at an analyst call after the company's December quarter earnings, Aggarwal said that Ola Electric sold 25,000 units in January, with which he claimed that the company had recaptured its market leadership in terms of volumes.
Responding to queries from analysts, Aggarwal said, "We are looking at a monthly sales figure of 50,000 units in order to break even in terms of Ebitda (earnings before interest, taxes, depreciation and amortization) from our auto sales. To do this, we are diversifying our...