Ola Electric’s Engine Stalls, PayU India Nets $35 Mn & More

Ola Electric’s Growth Engine Stalls

After a turbulent year, Ola Electric finally breathed a sigh of relief as its auto business turned EBITDA positive in June. However, intensifying competition and dwindling market share played a spoilsport, yet again, as the listed EV maker’s loss-making spree continued in Q1 FY26.

The OEM’s net loss zoomed 23% YoY to INR 428 Cr in Q1 FY26 while operating revenue crashed 50% YoY to INR 828 Cr. However, losses nearly halved from INR 870 Cr in Q4 FY25 while top line jumped 35.5% sequentially from INR 611…