Indian electric two-wheeler maker Ola Electric's quarterly loss widens
India's top electric two-wheeler maker Ola Electric reported a wider quarterly loss on Friday, hurt by heavy discounts it offered to fend off rising competition. The SoftBank-backed firm reported a loss of 5.
Ola Electric Reports Wider Losses in Q3 FY25 Amid Sluggish Sales
Ola Electric Mobility Ltd., India’s largest electric two-wheeler manufacturer, has reported a significant widening of its losses for the third quarter of the fiscal year 2025. The company’s financial performance took a hit as sales declined, leading to a sharp drop in revenue and an even greater EBITDA loss.
Ola Electric’s Q3 loss widens to Rs 564 crore amid revenue decline
Ola Electric Mobility’s net loss increased to Rs 564 crore in Q3, up from Rs 376 crore last year, with revenue falling 19% to Rs 1,045 crore. The company attributed the losses to one-time service and warranty costs and plans to improve profitability through gross margin improvements,
India's Ola Electric posts wider loss on discounts, improving service quality
India's top electric two-wheeler maker Ola Electric reported a wider quarterly loss on Friday, hurt by heavy discounts it offered to fend off rising competition and as it spent on improving the quality of service at its workshops.
Ola Electric shares decline nearly 3 pc as Q3 net loss widens
Shares of Ola Electric Mobility Ltd on Friday dropped nearly 3 per cent after the firm reported a widening of consolidated net loss at Rs 564 crore in the December quarter
Ola Electric expects its motorcycles to power EV adoption in India
India's top electric two-wheeler maker Ola Electric Mobility expects its newly-launched motorcycles to boost the pace of EV ...
electrive3h
Ola Electric launches new e-scooters with a range of up to 320 km
Indian electric two-wheel maker Ola Electric has launched four new electric scooters, called S1 X, S1 X+, S1 Pro, and S1 Pro+ ...
Ola Electric predicts faster EV motorcycle adoption, halving the time taken by scooters
Ola Electric anticipates a significantly faster uptake of electric motorcycles, expecting it to take just half or two-thirds ...
inc4218h
Ola Electric Shares Plunge Over 3% After Q3 Results
Shares of Ola Electric dropped over 3% to INR 69.69 on the BSE after the company reported a 50% increase in its net loss to ...
ABP Live on MSN5h
‘Hecker Bhai Hecker’: Bengaluru Man 'Delivers' Himself to Work Via Porter After Ola, Uber Fail
This Bengaluru man's ingenious Porter ride to work after Ola and Uber failed has gone viral, sparking discussion about the ...
Fox 419h
Judge orders Fort Myers Beach restaurant La Ola to vacate or comply
With the Fort Myers Beach Pier taking over four more years to rebuild, some worry that there may not be enough to do in Times Square.
devdiscourse15h
Ola Electric Faces Financial Setback Amid Competitive Market
Ola Electric Mobility Ltd reported an increased net loss of Rs 564 crore for the December quarter, impacted by competitive ...
Ola Electric Roadster X Series With Mid-Drive Motor, Up to 501 KM IDC Range Launched in India
Ola Electric Roadster X series introduces flat cables which are claimed to package efficiency while reducing weight.
Tampa’s Oak & Ola named ‘One of the best date night spots in America’
Tampa’s dining scene continues to shine on the national stage, with Oak & Ola securing a coveted spot on Yelp’s Top 100 Date ...
Ola Electric needs to sell 50,000 EVs a month to be profitable: Bhavish Aggarwal
Speaking at an analyst call after the company’s December-quarter earnings, Aggarwal said that Ola Electric sold 25,000 units ...