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. The SoftBank-backed firm reported a loss of 5.

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 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 comp

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.

EV maker Ola Electric reported a loss of Rs 562 crore in Q3 FY25 as it struggles to attain profitability amid rising competition.

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

Results: The revenue declined 19% YoY to Rs 1,045 crore from Rs 1,296 crore. Despite reducing expenses to Rs 1,505 crore from Rs 1,593 crore in Q2FY25 and Rs 1,597 crore in Q3FY24, the company reported higher losses on both YoY and QoQ bases.