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Ola Electric layoffs: Ola Electric eyes leaner road to profitability, to cut 400-500 roles

Ola Electric, eyeing an IPO, is reportedly trimming its workforce by 400-500 employees to streamline operations. This number may change as the senior leadership is still concluding the scale of the layoffs. They are expected to hit multiple verticals, sources told ET.

Top 5 Bike News Highlights From This Week: Bajaj CNG Bike Spotted Testing, Modified Royal Enfield Himalayan Tracker, Hero Splendor Plus Xtec Launched, FAME 3 Subsidy Announced, Yezdi Adventure Mountain Pack Announced

This week was quite eventful and we got to see some really interesting news, from the Bajaj CNG bike being spotted testing to the Yezdi announcing free accessories worth Rs 17,500

E-trucks will get govt subsidy as part of a new scheme

FAME 3 Subsidies For Electric Bikes and Electric Scooters Confirmed, Subsidy Amount May Be Same As FAME 2; Electric Two-wheelers May Get Cheaper

FAME 3 Subsidies have an outlay of Rs 10,000 crore, like FAME 2, and will succeed EMPS

Bikes and Scooters Launched In India in May 2024: Hero Splendor Plus Xtec, Bajaj Pulsar F250, Bajaj Pulsar NS400Z, TVS Apache RTR 200 4V Black Edition, TVS iQube ST, And More