India's Ola Electric quarterly loss narrows on cost cuts

Ola Electric's quarterly loss narrowed on Thursday (November 12, 2026), supported by restructuring ​and cost-control measures. The electric-vehicle maker reported a consolidated ‌loss of 3.62 billion rupees ($38.66 million) ​for the three months ended September ⁠30, compared with a loss of 4.18 billion rupees a year ago.

Ola Electric eyes FY27 turnaround on surging demand, cost reset and margin gains Ola Electric eyes FY27 turnaround on surging demand, cost reset and margin gains The company expects product quality and service improvements to support the FY27 recovery Ola Electric eyes FY27 turnaround on surging demand, cost reset and margin gains storyline 1 The Bhavish ‌Aggarwal-led company implemented workforce restructuring, cut warranty expenses and tightened working-capital cost ‌management in recent quarters as ‌part ⁠of efforts to improve profitability. These ⁠measures contributed to a 28.4% drop in second-quarter expenses to 6.39 billion rupees.

Consolidated gross margin ​stood at 29.93% ‌compared with 30.9% a year earlier.