Ola Electric reported a net loss of Rs 870 crore in Q4 FY25, doubling from the previous year, alongside a revenue decline of 61.8%.
Operating revenue declined to Rs 611 crore from Rs 1,598 crore primarily due to sluggish electric scooter sales.
The company plans to integrate its own battery cells into its vehicles, aiming to improve cell production yields before full-scale launch.
Ola Electric slipped to third position in India's electric two-wheeler market, facing scrutiny over discrepancies in reported sales figures and quality issues.