US EditionOla Electric’s Engine Stalls, PayU India Nets $35 Mn & More
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Ola Electric’s Engine Stalls, PayU India Nets $35 Mn & More
Ola Electric’s Growth Engine Stalls After a turbulent year, Ola Electric finally breathed a sigh of relief as its auto business turned EBITDA positive in June. However, intensifying competition and dwindling market share played a spoilsport, yet again, as the listed EV maker’s loss-making spree continued in Q1 FY26. The OEM’s net loss zoomed 23% YoY to INR 428 Cr in Q1 FY26 while operating revenue crashed 50% YoY to INR 828 Cr. However, losses n…
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