Economy
Ola Electric Q1 Loss Narrows to ₹336 Crore Amid Revenue Dip
Moneycontrol1h
THE BRIEF
1
Ola Electric reported a net loss of ₹336 crore for the June quarter of FY27, a 22% improvement compared to the same period last year.
2
Revenue for the quarter declined by 45% year-on-year to ₹455 crore, reflecting a challenging market environment for the EV manufacturer.
3
The company is currently restructuring its operations to improve profitability, aiming to stabilize its market share in the competitive Indian electric two-wheeler segment.