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OLAELEC

| MANAGEMENT COMMENTARY ⚡️

🚀 Next-Gen Tech – First vehicles with ferrite motors to roll out next quarter; roadmap set for magnet-less motors ahead. 📊 Q1 FY26 Performance – Margins & bottomline improved ✅; market share shows sequential recovery. 🏭 Gigafactory Milestone – Now fully functional, a big boost for in-house EV manufacturing. 🔋 4680 Cells Coming – Integration into products by Navratri, powering higher range & efficiency. 🎉 Festive Season Ready – Management confident of strong demand this festive cycle. 👉

is doubling down on tech + manufacturing scale to charge up India’s EV revolution! ⚡️