Once, Ola Electric was more than just a company. Cofounder and chief executive Bhavish Aggarwal promised not just electric scooters, but the ‘end’ of the internal combustion engine (ICE) age.
Backed by a so-called Future factory in Krishnagiri, Tamil Nadu, the EV maker helped create a category, introduced swathes of Indians to the idea of owning an electric scooter and dominated the sales charts for years.
However, the narrative seems to have hit a major snag. The recent Q3 FY26 numbers paint a picture of the electric two-wheeler…

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