Ola Electric’s Q4 losses deepen as deliveries slide, revenue nearly halves

Ola Electric’s March quarter results show a significant decline. Adjusted revenue fell sharply, and net losses widened. Deliveries also decreased considerably, especially in the premium segment. Full-year losses increased despite improved gross margins. The company attributes the performance to weak demand. Ola Electric is now focusing on new models to boost sales. Concerns remain about demand and achieving sustained profitability.