Ola Electric slips 3%, nears record low on wider Q3 loss, lower deliveries

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Ola Electric slips 3%, nears record low on wider Q3 loss, lower deliveries - Business Standard

Quick Summary:

Meanwhile, in Q3FY25, Ola Electric’s net loss widened to Rs 564 crore, as compared to a net loss of Rs 376 crore in the year-ago quarter.

However, analyst at Elara Capital expect Ola Electric's market share to remain under pressure owing to a ramp-up by incumbents.

Ola Electric is a leading electric vehicle (EV) manufacturer in India, specialising in the vertical integration of technology and manufacturing for EVs and their components, including battery cells.