Revenue of Ola Electric Mobility Ltd. more than halved in October-December 2025 as its electric two-wheeler sales declined over 60% during the most lucrative quarter for India’s automotive industry.
Net loss of the beleaguered company led by Bhavish Aggarwal narrowed to ₹487 crore in Q3 FY26 as against ₹564 crore in the year-ago period, but widened on a quarter-on-quarter basis from ₹418 crore in Q2 FY26.
“Q3 FY26 marks a structural reset for Ola Electric,” Aggarwal said in a letter to shareholders accompanying the earnings statement.
This is a developing story. More to come.