India's Ola Electic posts narrower quarterly loss on cost controls

Ola Electric Mobility

20/05/2026 10:56

May 20 (Reuters) - India's Ola Electric OLAE.NS on Wednesday reported a narrower fourth-quarter loss, as the electric scooter maker reined in costs amid intense competition in the country's fast-growing electric two-wheeler market.

The company posted a net loss of 5 billion rupees  ($51.65 million) in the January-March quarter, compared to a loss of 8.7 billion rupees a year earlier.

($1 = 96.8050 Indian rupees)

 (Reporting by Abhinav Parmar in Bengaluru; Editing by Mrigank Dhaniwala)

 ((Abhinav.Parmar@thomsonreuters.com;))