Ola Electric surprises with stronger financial results for Q1FY26 amidst concerns in the electric mobility sector.
The company reported a revenue of Rs 828 crore, a 35% increase from the previous quarter, while incurring a net loss of Rs 428 crore.
Vehicle deliveries surged to 68,192 units, defying earlier forecasts of lower volumes.
Ola Electric's margin recovery is attributed to its Gen 3 scooters, internal cost optimization program, and focus on in-house technology for long-term growth.