India, March 12 -- Ola Electric announced on Wednesday that it has successfully finished implementing a company-wide cost cutting program, resulting in savings of Rs.90 crore a month.

Dubbed the Network Transformation and Opex Reduction Program, its actions include shutting regional warehouses and shipping vehicles, spare parts and accessories from the factory directly to stores, as well as automating registrations and other processes.

The company said that as a result, it expects to break even on Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) for the next quarter, which is the first quarter of the financial year 2025-26.

It also added that this has resulted in reducing the average vehicle inventory to 20 days ...