Ola Electric’s Missing Pieces

Ola Electric is going through the toughest period in its seven-year lifetime. That’s no exaggeration as even the most ardent supporter of the Indian EV maker is starting to see how steep the uphill climb is.

Following its showdown with regulators and various government authorities in recent months, and allegations of sales inflation, Ola Electric saw its revenue slump 62% YoY to INR 611 Cr in Q4, which was also a 42% decline quarter-on-quarter (QoQ).

This tepid showing has once again piled the pressure on Bhavish Aggarwal. In a post-earnings…