Ola Electric, the Indian electric two‑wheeler maker, announced a key leadership change as Chief Financial Officer (CFO) Harish Abichandani resigned, and Deepak Rastogi was appointed as his successor, effective January 20, 2026. The company informed stock exchanges of the development through an official filing on Monday.
Abichandani, who joined Ola Electric in late 2023, stepped down citing personal reasons. In his resignation letter to CEO Bhavish Aggarwal, he thanked the leadership and board for their support and described his tenure at Ola as a “wonderful experience.”
The board of Ola Electric approved Deepak Rastogi as the new CFO on January 19. Rastogi, a chartered accountant with over 30 years of experience, has held senior finance positions in companies like Tata AutoComp Systems, The Timken Company, DuPont, Castrol, Alcatel, and Raymond. His expertise spans capital markets, strategic planning, governance, IPOs, and cross-border mergers and acquisitions.
This leadership change comes amid a period of executive turnover at Ola Electric, with several senior leaders leaving over the past months, including heads of marketing, technology, and cell operations.
Since its public launch in 2024, Ola Electric has faced increased competition in India’s electric two‑wheeler market. Sales growth has slowed, and rivals have expanded their offerings, prompting the company to revise its revenue outlook and strengthen its operations.
Rastogi’s appointment is expected to bring stability to the company’s financial leadership and support Ola Electric as it navigates operational and market challenges. The company hopes that his extensive experience in strategy and finance will help it sustain growth and maintain investor confidence.
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