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Ola Electric auditor flags Rs 57 crore PLI penalty reversal in Q1 results - The Economic Times
Ola Electric's auditor raised concerns regarding the reversal of a Rs 57 crore penalty related to missed investment milestones under PLI without formal governmental consent. This action notably assisted in reducing its losses for the June quarter. Additionally, a decline in revenue and vehicle registrations year-over-year was noted, reflecting a notable decrease in Ola's market share amidst increasing competition.
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economictimes.indiatimes.com
Ola Electric Q1 Results: Loss narrows to Rs 336 crore; revenue falls 45% YoY
Ola Electric reported a narrower Q1 loss of Rs 336 crore as deliveries nearly doubled sequentially and revenue rebounded 72% from Q4. Improved market share, lower operating costs…
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thehindubusinessline.com
Ola Electric narrows Q1 loss 21%; revenues fall 45% even as volumes recover
Ola Electric narrows Q1 losses as sales recover, despite declining revenues and rising input costs, bolstered by expanded retail reach.
