India, Feb. 27 -- With an eye on boosting its bottom line and curb cash burn, electric vehicle (EV) major Ola Electric has reportedly shut all its regional warehouses across India.

Citing sources, news agency PTI reported that the listed EV maker now plans to leverage its 4,000 retail stores across the country to maintain vehicle inventory, spare parts, accessories, and last-mile deliveries.

As per the report, the move is expected to boost Ola Electric's EBITDA margins by almost 10 percentage points, "improve" inventory management and enable faster customer deliveries.

Besides, the EV major also expects to rake in roughly INR 30 Cr in monthly savings from this "redesigned" distribution network and new plans to optimise vehicle registra...