Ola Electric's Financials are Deteriorating Fast
Ola Electric has reported a 50% increase in Net Losses and a 19.5% drop in revenues in Q3 FY2025 (year-on-year). In a quarter when the Indian E2W industry reached a new peak, Ola's sales declined. The company also admitted a one-off cost of INR 1.1bn (USD 12.56m) to address service issues.