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Economic Times

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Ola Electric Q4 net loss doubles to Rs 870 crore as revenue slumps 62%

  • 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.

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