Ola Electric’s Loss Shrinks, District Groping In The Dark & More

Ola Electric’s Shifting Focus

Ola Electric slammed the brakes on its chase for market share in Q2. As a result, the EV maker’s revenue and deliveries plummeted, but losses also shrank. This contrasting combo was no accident, but a deliberate pivot away from the aggressive discount culture in the EV space.

Steering To Profitability: The quarter saw Ola Electric focus more on its margins and product quality. The pain was evident in its vehicle deliveries, which fell sharply. The reward,…