!ola electric

Ola Electric Mobility Ltd on August 7 reported a narrower net loss of Rs 336 crore for the quarter ended June 30, 2026, compared with a loss of Rs 426 crore in the corresponding period last year. Revenue from operations fell 45% year-on-year to Rs 455 crore in the first quarter of FY27 from Rs 828 crore a year earlier. The company's EBITDA loss narrowed to Rs 165 crore during the quarter, compared with Rs 237 crore in the year-ago period. Ola Electric said vehicle registrations surged 97% sequentially in the June quarter, significantly outpacing the broader electric two-wheeler (E2W) market, which grew 17% over the same period. Its market share rose to 8.4% in Q1 FY27 from 5.1% in the previous quarter, while automotive revenue increased 72% quarter-on-quarter. "This was more than a sequential step-up. It reflected a leaner, sharper Ola translating operating discipline into faster growth, renewed market share momentum and a stronger competitive position," the company said. Ola Electric added that while operational execution drove its performance, the broader environment continued to strengthen the long-term case for electric mobility. It said the conflict in West Asia contributed to volatility in fuel availability and prices, further improving the cost-of-ownership advantage of electric vehicles. Against this backdrop, electric two-wheeler penetration in India crossed the 10% mark for the first time in June, which the company described as a key milestone in the segment's transition towards mainstream adoption.