India, July 14 -- Bhavish Aggarwal-led Ola Electric claims to be in consolidation mode - the company's Q1 FY26 results show a slight increase in revenue on a sequential basis, but Ola Electric is still some way away from its FY25 position after the June quarter.

But Aggarwal told analysts and shareholders that this is a period for the company to extract profits from its full stack approach. Ola Electric claims it is going from a hypergrowth EV disruptor to a maturing company focused on capital efficiency, vertical integration, and long-term sustainability.

Incidentally, the broader Indian electric vehicle market is also no longer in its euphoric phase. So is this Ola Electric simply acknowledging that the boom is over and now is the tim...