Ola Electric shares plummet 10% after Q4 losses double to Rs 870 crore; revenue slips 62%
Ola Electric's Q4 losses doubled to Rs 870 crore, with revenue plummeting 62% due to decreased vehicle deliveries and market share pressures. Despite this, gross margin improved slightly, and the company launched its first EV motorcycle, targeting rural demand.
Ola Electric's Q4 losses doubled to Rs 870 crore, with revenue plummeting 62% due to decreased vehicle deliveries and market share pressures. Despite this, gross margin improved slightly, and the company launched its first EV motorcycle, targeting rural demand.
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