India's Ola Electic posts narrower first quarter loss on higher EV sales
07/08/2026 12:06
India's Ola Electic posts narrower first quarter loss on higher EV sales Aug 7 (Reuters) - India's Ola Electric OLAE.NS on Friday reported a narrower first-quarter loss, as higher electric two-wheeler sales and lower operating expenses helped offset a challenging commodity environment.
The company posted a net loss of 3.36 billion Indian rupees ($35.29 million)in the quarter ended June 31, compared to a loss of 4.28 billion rupees a year earlier.
($1 = 95.2075 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru; Editing by Tasim Zahid)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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