Ola Electric Mobility Ltd., India’s largest electric two-wheeler manufacturer, has reported a significant widening of its losses for the third quarter of the fiscal year 2025. The company’s financial performance took a hit as sales declined, leading to a sharp drop in revenue and an even greater EBITDA loss.

Ola Electric Mobility reported a net loss of Rs 564 crore for the third quarter of FY25, widening from Rs 376 crore in the same period last year, Mint reported.

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 Mobility's revenue from operations in Q3FY25 declined 19.36% to ₹1,045 crore from ₹1,296 crore, year-on-year (YoY).