Ola Electric Q2 Loss Narrows to ₹362 Crore

Ola Electric Mobility reported a narrower consolidated net loss of ₹362 crore for the July-September quarter of FY2026-27, compared with ₹418 crore a year earlier. The electric two-wheeler manufacturer announced its results on Thursday, November 12, with cost-cutting measures helping reduce losses despite a sharp decline in revenue and vehicle sales.

Ola Electric Revenue Falls 39% in Q2 FY27

The Bhavish Aggarwal-led company’s revenue declined approximately 39% to ₹421 crore, compared with ₹690 crore in the corresponding quarter last year.

Vehicle registrations fell to 41,651 units from 51,775 units, reflecting continued pressure on sales.

Ola Electric faces increasing competition from Ather Energy and established manufacturers including TVS Motor, Bajaj Auto and Hero MotoCorp.

Cost-Cutting Measures Help Reduce Quarterly Loss

Ola Electric reduced its quarterly expenses by 28.4% to ₹639 crore through workforce restructuring, lower warranty expenses and tighter working-capital management.

However, its consolidated gross margin declined to 29.93%, compared with 30.9% a year earlier.

The company expects gross margins to weaken further during the remaining two quarters of FY27 as it expands its dealer network.

Nevertheless, management anticipates a meaningful improvement in operating margins.

Ola Electric Focuses on Production and Supply Recovery

In its shareholder communication, Ola Electric identified supply constraints as a major challenge affecting its ability to fulfil demand.

The company said it was working with suppliers to increase production capacity and improve monthly output.

The latest results indicate that operational restructuring has helped limit financial losses, although falling revenue and vehicle registrations remain significant challenges.

Ola Electric continues to focus on improving its supply chain and expanding its sales network to support future growth.