India's Ola Electric posts narrower loss

Ola Electric Mobility

06/11/2025 04:53

Nov 6 (Reuters) - India's Ola Electric OLAE.NS reported a narrower second-quarter loss on Thursday, helped by a sharp drop in its expenses.

The electric two-wheeler maker's consolidated net loss stood at 4.18 billion rupees ($47.56 million), compared to 4.95 billion rupees a year earlier.

($1 = 87.8950 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru; Editing by Sonia Cheema)

 ((Kashish.Tandon@thomsonreuters.com; 8800437922;))