Advertising
‘Why will I buy time? I will buy end outcomes’: Tata Motors CMO Shubhranshu Singh
Ola Electric losses rise by 106% to Rs 870 crore in Q4FY25
Ola Electric's fourth quarterly revenue reduced from Rs 1,598 crore in Q4FY24 to Rs 611 crore in Q4FY25--43% drop
Ola Electric's losses climbed to Rs 870 crore in Q4 FY25
Ola Electric has registered a 106% increase in losses in the fourth quarter of fiscal year 2025. The EV manufacturer losses climbed to Rs 870 crore in Q4FY25 compared to Rs 419 crore in the corresponding quarter in FY2024.
Overall fiscal 2025 losses have widened to Rs 2,259 crore versus RS 1,587 crore in the year-ago period.
Ola Electric's revenue from operation has also taken a major hit in the March quarter of fiscal 2025. The company's quarterly revenue reduced from Rs 1,598 crore in Q4FY24 to Rs 611 crore in Q4FY25--43% drop
While the total income stood at Rs 728 crore in the same quarter. The company attributed the decline in sales to the overall impact on the 2-wheeler industry. In a media statement, Ola Electric said, "The pace of EV penetration growth was relatively slower in FY25, driven by weakness in urban demand at a time when the E2W industry was largely urban focused in both products (Scooters) and distribution (Tier 1 cities) coupled with a steady moderation in government subsidies".
However, the company has exuded confidence that urban demand will improve in FY26 on the back of tapering inflation and declining interest rates.
The 2-wheeler EV maker said that it will continue to focus on scaling revenue and operating leverage in fiscal year 2026. Charting out the plan for FY26, the company mentioned three focus areas for FY26, it said, "We will continue to focus on creating technological leadership through vertical integration. Second, we will continue to build a comprehensive product portfolio across scooters and motorcycles to meet diverse customer needs. Finally, we will continue to execute our D2C distribution strategy to provide the best customer experience while optimising our cost structures".
Further, it said that expansion into motorcycles, deeper vertical integration, and boosting the EV distribution network will improve its margins.
The company will scale the reach of its recently launched Roadster franchisee.
This year, in February, Ola Electric launched the Roadster X motorcycle with a starting price of Rs 99,999.
SPOTLIGHT
Storyboard18's signature initiative 'Share The Spotlight' returns with its Delhi edition, bringing together business leaders and changemakers to honour women rewriting the rules and sparking transformation.
Read MoreIN PHOTOS: At Global Pioneers Summit, visionaries chart the future of business and creativity
From the chiefs of Nestle, Diageo, Colgate, PepsiCo, Zetwerk and CRED to AI visionaries, marketing mavens, top creators, ad legends and leading global agencies' CEOs, the brightest minds converged at the Storyboard18 Global Pioneers Summit for an action-packed day of meaningful dialogues on creativity, commerce and culture.