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EV firm delays Gigafactory expansion plan

Financial Express Pune

|

July 15, 2025

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.

- NARAYANAN V

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.

Financial Express Pune'den DAHA FAZLA HİKAYE

Financial Express Pune

How winter pushes every car to its limits

BE IT ICE CARS OR EVS, THE SEASON CAN BE TOUGH

time to read

2 mins

December 20, 2025

Financial Express Pune

'Capacity limit costs Mumbai the hub race'

Adani Airport Holdings (AAHL) has laid down the expansion plans for its airport business, but for Jeet Adani, director airports, the larger strategic context is Mumbai's missed opportunity to become India's primary global aviation hub.

time to read

2 mins

December 20, 2025

Financial Express Pune

Crude import bill declines 11%

BARREL BENEFIT

time to read

1 min

December 20, 2025

Financial Express Pune

China to allow export of rare earths for civilian use

CHINA ON FRIDAY said it will approve export of its rare-earth metals for civilian use, amid India's persistent calls for Beijing to lift curbs and resume the export of precious metals needed to manufacture a host of modern products.

time to read

1 min

December 20, 2025

Financial Express Pune

Delhi govt schools choke, private ones turn to air filters

IN THE NURSERY section of an elite South Delhi school this week, the head of Junior School conferred urgently with a class teacher whose students had left the room for a few minutes at the change of periods.

time to read

2 mins

December 20, 2025

Financial Express Pune

Yen weakens across board after BOJ delivers rate hike

CENTRAL BANK SAYS IT WILL KEEP RAISING RATES IF FORECASTS MATERIALISE

time to read

1 min

December 20, 2025

Financial Express Pune

Funds for rural roads scheme see gross underutilisation

STATES’ SPENDING CAPACITY LIMITED

time to read

2 mins

December 20, 2025

Financial Express Pune

Real interest rates need to be lower: RBI guv

RESERVE BANK OF India (RBI) Governor Sanjay Malhotra believes real interest ratesboth headline and core-need to be lower, given the benign inflation outlook, minutes of the Monetary Policy Committee (MPC) meeting released on Friday showed.

time to read

1 min

December 20, 2025

Financial Express Pune

Europe agrees to lend 90 bn euros to Ukraine

UKRAINE THANKED THE EU for deciding to provide it with 90 billion euros ($105.46 billion) of support over the next two years-even if the bloc failed to agree on an ambitious plan to finance it using frozen Russian assets.

time to read

1 min

December 20, 2025

Financial Express Pune

TikTok signs deals with investors to avoid US ban

TIKTOK'S CHINESE OWNER, ByteDance, on Thursday signed binding agreements to hand control of the short video app's US operations to a group of investors, including Oracle, in a big step toward avoiding a US ban and ending years of uncertainty.

time to read

1 min

December 20, 2025

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