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Ola Electric revenue falls 46% in Q2 FY26; controls losses


Ola Electric’s revenue continues its downward spiral with yet another sharp drop in the latest quarter. The EV maker’s revenue shrank by 47% year-on-year during the second quarter of FY26. At the same time, the Bengaluru-based firm’s losses widened by 23.3%.

Ola Electric’s revenue from operations reduced to 660 crore in Q2 FY26, compared to Rs 1,214 crore in the previous year of the same quarter, its consolidated financial statements sourced from the National Stock Exchange (NSE) show.

OLA Financial-01

Electric scooter sales remained the primary revenue driver…



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