Indian e-scooter firm Ola Electric's quarterly loss narrows on lower costs

SelfRugger · 2026-03-16T06:20:02+00:00

Ola Electric's quarterly loss decreased to 4.87 billion rupees due to reduced manufacturing costs, despite experiencing a sales slump. The company previously reported a larger loss of 5.64 billion rupees during the same period last year.

SelfRugger

2026-03-16 06:20:02

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Indian e-scooter firm Ola Electric’s quarterly loss narrows on lower costs

Customers sit outside an Ola service centre with their electric scooters while waiting for servicing in Bengaluru, India January 14, 2026. REUTERS/Priyanshu Singh · Reuters

Reuters

Fri, 13 February 2026 at 7:33 pm GMT+9 1 min read

In this article:

OLAELEC.NS

-0.26%

9984.T

-8.86%

Feb 13 (Reuters) - Indian e-scooter manufacturer Ola ‌Electric reported a ‌narrower quarterly loss on Friday as lower manufacturing costs for its new lineup of ‌models helped ⁠partly offset a sales slump.

The ⁠SoftBank-backed startup posted a loss of 4.87 billion rupees ($53.7 million) in ‌the October-December quarter, compared to 5.64 billion rupees the year before.

The results included a ‌one-time charge of 50.7 million rupees due ‌to India’s new labour code.

($1 = 90.6750 Indian rupees)

(Reporting by Nandan Mandayam in ‌Bengaluru; Editing by Ronojoy Mazumdar and Janane Venkatraman)

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