Indian e-scooter firm Ola Electric's quarterly loss narrows on lower costs

Ola Electric Mobility

13/02/2026 10:30

Feb 13 (Reuters) - Indian e-scooter manufacturer Ola Electric OLAE.NS reported a narrower quarterly loss on Friday as lower manufacturing costs for its new lineup of models helped partly offset a sales slump.

The SoftBank-backed startup posted a loss of 4.87 billion rupees ($53.7 million) in the October-December quarter, compared to 5.64 billion rupees the year before.

The results included a one-time charge of 50.7 million rupees due to India's new labour code.

($1 = 90.6750 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru; Editing by Ronojoy Mazumdar and Janane Venkatraman)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))