Ola Electric’s Burn Gets Deeper In Q4
Ola Electric’s loss-making spree extended into Q4 FY25 as well. The EV maker’s net losses doubled as “execution challenges” and intensifying competition took a toll on its sales and ate into its market share.
Overall, the OEM’s net loss skyrocketed 109% YoY to INR 870 Cr in Q4 FY25 while operating revenue crashed 62% YoY to INR 611 Cr.
Meanwhile, here are the key takeaways from Ola Electric’s full FY25:
- Net losses surged 44% YoY to INR 2,276 Cr
- Top line shrunk 10% YoY to INR 4,514 Cr
