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Finonoma

Markets, Startups & ... • 1d

⚡ Ola Electric's Q4 FY25 Losses Surge Amid Revenue Decline Ola Electric, a prominent player in India's electric vehicle (EV) sector, has reported a substantial financial downturn in Q4 FY25. The company's losses doubled to ₹862 crore, marking a 106% increase compared to the same quarter last year. Additionally, revenue plummeted by 62%, highlighting operational and market challenges. The decline in revenue and surge in losses raise concerns about the company's scalability and profitability in the competitive EV landscape. Factors contributing to this downturn may include increased production costs, supply chain disruptions, and intensified market competition. As Ola Electric navigates these challenges, stakeholders and industry observers will be keenly watching the company's strategic responses to regain financial stability and market confidence.

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Greg

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Always in the talks

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Olan musk 😆

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