<ul data-eligibleForWebStory="false"><li>Ola Electric's auto segment delivered 68,192 vehicles in Q1FY26, with gross margins expanding to 25.6% from 13.8% in the previous quarter despite minimal PLI benefits.</li><li>Ola Electric's cost optimization program reduced monthly auto operating expenses to ₹105 crore from ₹178 crore in Q3FY25, leading to an improved consolidated EBITDA margin and a plan to turn the auto segment EBITDA positive in Q2FY26.</li><li>The company set ambitious targets for FY26, aiming for 3.25-3.75 lakh units in vehicle sales and revenue between ₹4,200-4,700 crore, expecting exit gross margins to reach 35-40% with PLI benefits per vehicle.</li><li>Ola Electric's Gen 3 scooters, accounting for 80% of sales, showed superior performance with lower warranty claims, new MoveOS+ software features, and plans to launch vehicles with in-house 4680 cells by Navratri in Q2FY26 as part of its gigafactory project.</li></ul>

Ola Electric shares surge 15% as auto unit turns EBITDA positive

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