Ola Electric losses surge 2X to Rs 862 Cr in Q4 FY25, revenue declines 62%

Ola Electric’s losses surge 2x to ₹862 Cr in Q4 FY25 amid revenue decline, reflecting EV sector challenges. Ola Electric reported a significant widening of its net loss to ₹870 crore in Q4 FY25, more than double the ₹416 crore loss in Q4 FY24. The company's operating revenue also saw a sharp 62% year-on-year decline to ₹611 crore. This grim financial performance reflects ongoing challenges in the electric vehicle (EV) sector, including decreased demand for electric two-wheelers, intensifying market competition, and regulatory hurdles, despite the company's efforts to increase overall unit deliveries for the full fiscal year.