Ola Electric Q1: Revenue halves, losses widen to Rs 428 crore

Ola Electric’s operating revenue plunged nearly 50% year-on-year to Rs 828 crore in the quarter ended June 2025, reflecting the intensifying competition in the electric two-wheeler segment. The company’s net loss rose 23% to Rs 428 crore from Rs 348 crore a year earlier.

Total expenses dropped 42% to Rs 1,065 crore during the quarter under review, against Rs 1,849 crore in the year-ago period. The drop was mostly on account of the decline in cost of raw materials consumed, which fell 66% to Rs 441 crore in the first quarter of this fiscal.

Ola…