Synopsis
Bhavish Aggarwal-led EV maker reported an improvement in sales, revenue, and margins which sparked an uptick in the stock price for a day. But leadership churn clouds the progress — the new CBO quit in three weeks, the sales head in one, and the legal team is seeing exits. The company has just faced two weeks of uncertainty around the continuation of three key people.
When a company’s top brass keeps exiting faster than customers can say ‘electric scooter’, it is a red flag that cannot be ignored. Ola Electric, the company that stunned the electric two-wheeler market with its swift and forceful foray, is struggling with a leadership crisis that has aggravated in recent months amid slump in sales, stock price crash, regulatory actions, and product delays. Recently, Nitin Golani, a former Byju’s executive, who
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