ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/electric-two-wheeler” target=”_blank”>Electric two-wheeler manufacturer ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/ola-electric” target=”_blank”>Ola Electric‘s ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/net-loss” target=”_blank”>net loss widened by 50% to Rs 564 crore in the October-December quarter from Rs 376 crore a year earlier, primarily due to intensified ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/competition” target=”_blank”>competition and after-sales service challenges.The Bengaluru-based firm’s ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/operating-revenue” target=”_blank”>operating revenue declined 19% to Rs 1,045 crore from Rs 1,296 crore a year earlier. The company generates revenue primarily by selling electric scooter sales, with battery sales contributing a marginal portion.
“We faced a much more intense, tougher, competitive environment and we saw through…
