India, May 30 -- Ola Electric's Burn Gets Deeper In Q4

Ola Electric's loss-making spree extended into Q4 FY25 as well. The EV maker's net losses doubled as "execution challenges" and intensifying competition took a toll on its sales and ate into its market share.

Overall, the OEM's net loss skyrocketed 109% YoY to INR 870 Cr in Q4 FY25 while operating revenue crashed 62% YoY to INR 611 Cr.

Meanwhile, here are the key takeaways from Ola Electric's full FY25:

Net losses surged 44% YoY to INR 2,276 Cr

Top line shrunk 10% YoY to INR 4,514 Cr

Ola Electric sold 3.59 Lakh units as against 3.29 Lakh in FY24

Why Sales Fell Off A Cliff: The EV maker attributed the subdued Q4 to the "diminished" pace of EV penetration in India in FY25 and inc...