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Ola Electric's Losses Widen to ₹428 Cr, Revenue From Ops Falls by 50% in Q1
The New Indian Express Dharmapuri
|July 15, 2025
OLA Electric Mobility's losses widened to ₹428 crore in the first quarter of financial year 2026 (Q1FY26) while its revenue from operations declined sharply by 50% to ₹828 crore.
The company had reported a net loss of ₹347 crore and revenue of ₹1,644 crore in the same period last year.
Sales for the electric two-wheeler maker also fell from 125,198 units in the first quarter of FY25 to 68,192 units in Q1 of FY26, reflecting a sharp loss in market share amid increased competition from legacy players such as Bajaj Auto and TVS Motor.
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