Ola Electric sees sharp 50% fall in Q1 FY26 revenue, losses up 23%

Ola Electric’s revenue continues its downward spiral with yet another sharp drop in the latest quarter. The EV maker’s topline shrank by nearly 50% year-on-year during the first quarter of FY26. At the same time, the Bengaluru-based firm’s losses widened by 23.3%.

Ola Electric’s revenue from operations reduced to 828 crore in Q1 FY26, compared to Rs 1,644 crore in the previous year of the same quarter,  its consolidated…