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EV firm delays Gigafactory expansion plan
July 15, 2025
|Financial Express Chandigarh
OLA ELECTRIC HAS delayed plans to ramp up battery manufacturing capacity at its Gigafactory in Tamil Nadu, pointing to slower-than-expected growth in the electric vehicle (EV) market.
OLA ELECTRIC'S NET loss for the first quarter of FY26 widened to ₹428 crore from ₹347 crore a year ago as revenue halved due to faltering sales and rising competition from legacy two-wheeler makers.
Revenue from operations of the Bengaluru-based electric two-wheeler (E2W) manufacturer fell 50% to ₹828 crore in the quarter, down from ₹1,644 crore in Q1FY25. The results beat Bloomberg estimates of ₹735 crore revenue and a net loss of ₹452 crore for the quarter.
Ola Electric shares surged over 19% to close at ₹47.46 on the NSE as the company reported improvements in key operating and financial metrics on a sequential basis.
Sequentially, revenue rose 36% from ₹611 crore in Q4FY25, while net loss narrowed sharply from ₹870 crore in the January-March quarter.
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Financial Express Chandigarh
Apple tops 2025 smartphone mkt
GLOBAL SMARTPHONE SHIPMENTS rose 2% year- on-year in 2025, lifted by stronger demand and eco- nomic momentum in emerging markets, Counter- point Research said on Mon- day. Apple led the market with a 20% share, the largest among the top five brands, supported by solid demand in emerging and mid-sized markets and strong sales of the iPhone 17 series, said Counterpoint analyst Varun Mishra.
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Dollar drops most in three weeks
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PSLV mission fails again, second since May 2025
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Trump weighing very strong options in Iran
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After AGR relief, ARPU growth is Vi's top priority
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Deutsche's India biz gets Kotak, Federal bids
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1 min
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PLI push planned for small aircraft manufacturing
· Announcement likely in Budget for FY27
2 mins
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Financial Express Chandigarh
Direct tax receipts increase 9% to ₹18.4 lakh cr on slower refunds
THE DIRECT TAX collection after refunds till January 11 of the current financial year recorded a growth of 8.82% on-year, compared with a budgeted growth target of 13.2% over FY25 actuals.
1 min
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Anup Saha joins Kotak Bank as whole time director
KOTAK MAHINDRA BANK on Monday announced that Bajaj Finance's former MD Anup Kumar Saha will oversee its consumer banking vertical.
1 min
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UK investigates X over Grok deepfake concerns
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1 min
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