Ather Energy betters Q4 results where Ola Electric falters

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The once industry leader, ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/ola-electric” target=”_blank”>Ola Electric, reported a dismal March quarter, with a sizeable fall in its revenue and losses expanding twofold. In comparison, the recently listed rel=”dofollow” href=”https://economictimes.indiatimes.com/ather-energy-ltd/stocks/companyid-1965014.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Ather Energy posted a decent improvement in financials for the quarter.

For the quarter ended March, the Bhavish Aggarwal-led electric scooter maker reported a 62% decline in sales to Rs 611 crore, a precursor to the decline in market share two months later. The EV maker saw its loss double to Rs 870 crore, from Rs 416 crore in the year-ago period.

Ola Electric’s financials were…



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Ather Energy betters Q4 results where Ola Electric falters


The once industry leader, ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/ola-electric” target=”_blank”>Ola Electric, reported a dismal March quarter, with a sizeable fall in its revenue and losses expanding twofold. In comparison, the recently listed rel=”dofollow” href=”https://economictimes.indiatimes.com/ather-energy-ltd/stocks/companyid-1965014.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Ather Energy posted a decent improvement in financials for the quarter.

For the quarter ended March, the Bhavish Aggarwal-led electric scooter maker reported a 62% decline in sales to Rs 611 crore, a precursor to the decline in market share two months later. The EV maker saw its loss double to Rs 870 crore, from Rs 416 crore in the year-ago period.

Ola Electric’s financials were…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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