Ola Electric’s consolidated net loss widened 50% YoY to INR 564 Cr in Q3 FY25, hurt by lower revenue amid rising competition in the EV two-wheeler market
Operating revenue declined 19% to INR 1,045 Cr during the quarter under review from INR 1,296 Cr in Q3 FY24
Ola Electric said its gross margin in the auto segment expanded by 20 bps sequentially to 20.8% in Q3 due to lower BOM costs and the benefit of PLI accruals across products
Bhavish Aggarwal-led Ola Electric’s consolidated net loss widened 50% to INR 564 Cr…