Ola Electric’s Q3 loss widens to Rs 564 crore amid revenue decline
Ola Electric Mobility’s net loss increased to Rs 564 crore in Q3, up from Rs 376 crore last year, with revenue falling 19% to Rs 1,045 crore. The company attributed the losses to one-time service and warranty costs and plans to improve profitability through gross margin improvements, cost optimization, and product expansion.
Ola Electric Mobility’s net loss increased to Rs 564 crore in Q3, up from Rs 376 crore last year, with revenue falling 19% to Rs 1,045 crore. The company attributed the losses to one-time service and warranty costs and plans to improve profitability through gross margin improvements, cost optimization, and product expansion.
