India, March 12 -- Bhavish Aggarwal-led Ola Electric has said that its cost-cutting initiatives are helping it reduce the cash burn by INR 90 Cr per month.

In a statement, the company said that it has completed the implementation of the cost-cutting measures under the 'Network Transformation and Opex Reduction Program', which was launched in November last year.

As a result, the electric mobility company expects its automotive segment to achieve EBITDA breakeven in the first quarter of the fiscal year 2025-26 (Q1 FY26), it said in an exchange filing.

It must be noted that Ola Electric saw its consolidated net loss zoom 50% to INR 564 Cr in Q3 FY25 amid a degrowth in its top line and rising competition in the electric two-wheeler market....