Business

Ola Electric Faces Sharp Revenue Drop: A 49.6% Decline in Q1 Sparks Industry Concerns

Ola Electric's Q1 Revenue Plummets by Nearly Half

In a startling financial revelation, Ola Electric has reported a significant downturn in its first-quarter revenue. The figures have halved, dropping to Rs 828 crore from Rs 1,644 crore in the same period last year, marking a 49.6% decline. However, there's a silver lining as the revenue saw a 36% increase sequentially.

Ola Electric sees Q1 revenue halve

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