BENGALURU: Ola Electric 's revenue dropped by 60 per cent to Rs 649 crore in the March quarter from Rs 1,641 crore in the year-ago period. Its net loss increased to Rs 870 crore in the quarter, compared to Rs 417 crore in the same period of the previous year.
Deliveries fell sharply to 51,375 units in the March quarter, down from 1.1 lakh units in the same period. Premium segment deliveries dropped nearly 76 per cent year-on-year to just 15,764 units in the quarter.
For FY25, its revenue decreased by 9 per cent to Rs 4,645 crore. Ola's management attributed the underwhelming performance to weak urban demand.
Deliveries fell sharply to 51,375 units in the March quarter, down from 1.1 lakh units in the same period. Premium segment deliveries dropped nearly 76 per cent year-on-year to just 15,764 units in the quarter.
For FY25, its revenue decreased by 9 per cent to Rs 4,645 crore. Ola's management attributed the underwhelming performance to weak urban demand.
You may also like
Cops get swift promotions in Chhattisgarh for anti-Maoist ops
Allahabad HC: Couples Can Seek Divorce Within 1 Year Of Marriage In Cases Of Exceptional Hardship
Iconic UK band announce shock SPLIT after 15 years as they release heartfelt update
Who is Leena Tiwari who bought the most expensive apartment in Mumbai, you will be shocked to know the price
Mumbai News: Special NDPS Court Acquits 34-Yr-Old Nigerian Man Of Drug Charges, Sentences Him To 5 Years Of Imprisonment For Illegal Stay
