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 Q3 net loss widens 50% to Rs 564 crore amid rising competition, service issues
Ola Electric's operating revenue fell 19% year-on-year to Rs 1,045 crore. The company mainly earns revenue from electric scooter sales, with battery sales contributing a small portion. Total expenses for the quarter were Rs 1,
Ola Electric's Q3 loss widens to ₹564cr, revenue down 19%
In the previous quarter ending September 2024, Ola Electric had faced a net loss of ₹495 crore. There was also a decline in its operational revenue for Q3 FY25. Revenue declined by 19.36% to ₹1,045 crore from ₹1,296 crore YoY.
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.
Ola Electric's Q3 loss widens to ₹564 cr amid 'weak' quarter; share slips 3.5%
EV maker says despite strong performance fuelled by festival sales, the overall quarter was weak due to "high competitive intensity and service challenges"
Ola Electric Q3 Results: Loss Widens To Rs 564 Crore, Revenue Shrinks By A Fifth
Results: Consolidated net loss of the billionaire Bhavish Aggarwal-led company widened to Rs 564 crore even as revenue fell 19.4% to Rs 1,045 crore.
Ola Electric Q3 Loss Soars To Rs 564 Crore, Shares Fall Below IPO Price
Ola Electric completed its IPO during the quarter ending September 30, 2024, issuing 808.7 million shares at Rs 76 per share. The total funds raised amounted to Rs 5,341 crore, after expenses. The shares debuted on the NSE and BSE on August 9,
Ola Electric Mobility Q3 Results: Net loss widens, revenue drops 19%
Revenue for the December quarter declined by 19.4% from last year to ₹1,045 crore. The company had offered multiple festive discounts during the quarter. Ola Electric had reported revenue of ₹1,644 crore during the June quarter and ₹1,
Ola Electric’s loss widens to Rs 564 crore in Q3, revenue drops 19 pc as stock plunges
Bhavish Aggarwal-run Ola Electric Mobility on Friday reported a massive net loss of Rs 564 crore in the third quarter (Q3 FY25), an increase of 13.94 per cent compared to a net loss of Rs 495 crore
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 INR 564 Cr in Q3 FY25 from INR 376 Cr in the year-ago quarter
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Ola regains top spot in electric two-wheeler sales in January 2025
Ola S1 Pro, Bajaj Chetak, TVS iQube, Ather 450X, Ather Rizta, Vida V2 electric scooter sales in January 2025. Tap for more.
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Bengaluru man uses Porter to commute to office after failing to find Uber, Ola
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Ola Roadster X+ Who Is It For?
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Ola Roadster X+: An electric bike with more than 500 km range. Can it conquer its rivals?
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Bhavish Aggarwal calls ICE motorcycles ‘Ugly, dull and boring’; sparks debate at Ola Roadster X launch
Ola Electric CEO Bhavish Aggarwal criticised the design of internal combustion engine motorcycles as ugly during the launch ...
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Ola Roadster X+: Same Price Other Options
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Ola Electric unveils Roadster X series in India: See prices, variants, and key features
Ola Electric has launched the Roadster X series, introducing two electric motorcycles—Roadster X and Roadster X+—as part of ...