Indian electric two-wheeler maker Ola Electric reports wider first-quarter loss

Ola Electric Mobility

14/07/2025 05:57

July 14 (Reuters) - Indian electric two-wheeler maker Ola Electric OLAE.NS reported a wider first-quarter loss on Monday, as its sales took a beating from heavy competition.

The Bengaluru-based firm reported a loss of 4.28 billion rupees ($49.80 million) for the April-June quarter, bigger than the 3.47 billion rupees it posted last year.

($1 = 85.9400 Indian rupees)

 (Reporting by Nandan Mandayam, Meenakshi Maidas in Bengaluru)

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