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Time of India
29-05-2025
- Automotive
- Time of India
Ola Electric's Q4 losses deepen as deliveries slide, revenue nearly halves
Ola Electric's Q4 losses deepen as deliveries slide, revenue nearly halves BENGALURU: Ola Electric reported a steep deterioration in its March quarter performance, with adjusted revenue plunging to Rs 649 crore in the period ended March 2025, from Rs 1,641 crore a year ago, a near 60% decline. Consolidated net loss widened to Rs 870 crore for the quarter, compared to Rs 417 crore in Q4 FY24. Ebitda loss for the quarter expanded to Rs 658 crore, with margins slipping to -101.4%, indicating rising cost pressures and limited operating leverage. Deliveries fell sharply to 51,375 units in Q4 FY25, down from 1.15 lakh units in the same period the previous year. Premium segment deliveries dropped nearly 76% year-on-year to just 15,764 units in the quarter. For the full year, adjusted revenue dropped 9% to Rs 4,645 crore. Total FY25 losses stood at Rs 2,276 crore, compared to Rs 1,844 crore in FY24. Ola Electric continues to report negative Ebitda margins for all four quarters of FY25, underscoring persistent challenges in its path to profitability. While the company's gross margin improved to 20.5% for FY25 from 14.8% in the previous year, Q4 margins dipped sequentially. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo Operating expenses continued to rise, hitting Rs 779 crore in Q4 FY25. The company also booked a Rs 250 crore warranty-related provision during the quarter for its Gen 1 and Gen 2 scooter models. Ola's management attributed the Q4 performance to weak urban demand and underperformance in the premium segment. The company is now banking on its lower-cost S1 X and the newly launched Roadster X motorcycle to revive momentum in FY26. However, analysts flagged concerns around demand visibility and the lack of sustained scale, especially as overall E2W market growth tapers. The company said it has structurally reduced its auto segment Ebitda breakeven to under 25,000 monthly units, but sustained breakeven volumes have yet to be achieved. Ola is also preparing to scale battery cell production at its Gigafactory, though commercialisation timelines remain uncertain. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
29-05-2025
- Automotive
- Business Standard
Ola Electric Q4 results: Loss widens to ₹870 crore, revenue declines 59%
Ola Electric Mobility's loss widens to ₹870 crore in the fourth quarter of financial year 2024-25, it was ₹416 crore in the same quarter of last year. The revenue from operations declined 59.5 per cent to ₹611 crore in Q4FY25, the company had reported the same as ₹1,598 crore in the corresponding quarter last year. Ola Electric reported a 38 per cent year on year improvement in gross margins for the financial year 2024–25 (FY25). The company expects gross margins in the first quarter of FY26 (Q1 FY26) to improve by an additional 10 per cent over the fourth quarter of FY25 (Q4 FY25). The company also highlighted that through initiatives like Project Vistaar and Project Lakshya, it has successfully reduced the Auto segment EBITDA break-even point to below 25,000 units per month, further supporting its path to profitability. In FY25, Ola Electric delivered 359,221 units, marking a 9 per cent year on year increase from 329,549 units in FY24, thereby maintaining its leadership position in the electric two-wheeler (E2W) segment and contributing to higher electric vehicle penetration. The mass adoption of EVs was driven largely by the success of the S1 X model, which achieved deliveries of 1,96,123 units in FY25, reflecting a more than 3.5-fold year on year increase from 53,083 units in FY24. The company also expanded its product lineup with the launch of the Gen 3 S1 scooters and Roadster X motorcycles. In addition to product and sales growth, Ola Electric expanded its distribution network to over 4,000 touchpoints, establishing itself as India's largest EV distribution network with significant reach into Tier 3 and rural markets.
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Business Standard
29-04-2025
- Business
- Business Standard
Discounts and deals for Akshaya Tritiya: Gold, homes, scooters, travel
Akshaya Tritiya, the annual festival considered auspicious for prosperity and investments, is a chance for various companies to roll out offers. Some are giving cash backs on home purchases, free gold on discounted electric scooters, and exclusive shopping deals. Here is more about such offers. Jio Gold offers up to 2 per cent Free Digital Gold Jio Financial Services has launched the first edition of Jio Gold 24K Days, offering customers up to 2 per cent additional digital gold on purchases made via the JioFinance or MyJio apps, starting from as low as Rs 10, from April 29 to May 5, 2025. 24 grams of gold Rs 2.40 lakh cash back 2 BHK homes starting at Rs 1.92 crore, 3 BHK homes from Rs 2.65 crore. 'We're offering not just a premium lifestyle at Sion NX, but also exclusive festive benefits — 24 grams of gold and Rs 2.40 lakh cashback — as a token of celebration,' said Samyak Jain, director, Siddha Group. ALSO READ | Light-weight jewellery to drive gold demand this Akshaya Tritiya: Experts Alta Monte at Malad (W) has announced: 100 grams of gold on every booking for Premium 2, 3, and 4 BHK residences starting at Rs 2.96 crore with 30+ lifestyle amenities. "Akshaya Tritiya has always symbolised prosperity and new beginnings — values that align perfectly with the aspirations of today's homebuyers," said Umesh Jandial, chief business officer at Alta Monte. JP Infra is offering white goods and furniture vouchers for people who buy its houses. 'Our endeavor is to ensure that every customer finds not just a home, but an elevated lifestyle experience,' said Deepak Nair, head of marketing, JP Infra. Ola Electric gives scooter discounts Ola Electric has announced a ' 72-Hour Electric Rush ' offer for its scooters till April 30. The offer has: Discounts of up to Rs 40,000 on the Gen 2 and Gen 3 electric scooters Free extended warranty on all models Same-day scooter delivery in select states Customers can buy Gen 2 S1 X scooter at prices starting Rs 67,499, while Gen 3 scooters like S1 Pro+ start at Rs 1,88,200. Ola Electric said in a statement: 'Customers can enjoy discounts, free extended warranties, and the excitement of riding home on a fully registered scooter within hours, making Akshaya Tritiya celebrations even more special'. Shopping, travel, jewellery deals BOBCARD Limited is offering a wide range of festive discounts across top brands:
Business Standard
28-04-2025
- Automotive
- Business Standard
Ola Electric announces 72-hour Rush sale with special offers for Akshaya Tritiya
Ola Electric Mobility announced 72-Hour Rush including special offers and benefits on the entire S1 portfolio ahead of the auspicious occasion of Akshaya Tritiya. As part of the 72-Hour Rush, customers can avail discounts of up to Rs 40,000 on Gen 2 and Gen 3 models, along with free extended warranty. The Gen-2 models now start at Rs 67,499, while the Gen 3 models start at Rs 73,999. Customers in select states can enjoy #HyperDelivery (same-day delivery) on their new Ola scooters, making their Akshaya Tritiya celebrations even more special. The offers will be valid starting today, till 30 April. Along with the expanded Gen 3 portfolio of scooters, the company continues to retail its Gen 2 scooters with S1 X (2kWh, 3kWh, and 4kWh) now starting at Rs 67,499, Rs 83,999, and Rs 90,999, and S1 Pro starting at Rs 1,11,999. The company's Gen 3 portfolio consists of the flagship S1 Pro+ 5.3kWh and 4kWh now starting at ₹1,88,200, and ₹1,48,999, respectively. The S1 Pro, available in 4kWh and 3kWh battery options, is now starting at ₹1,29,999 and ₹1,12,999, respectively. The S1 X range is starting at Rs 73,999 for 2kWh, Rs 92,999 for 3kWh, and Rs 1,04,999 for 4kWh, with S1 X+ available with the 4kWh battery and priced at Rs 1,09,999. Ola Electric also rolled out same-day delivery and registration of vehicles under #HyperDelivery. Pilot of #HyperDelivery has started in Bengaluru, and is being scaled up across India during this quarter in a phased manner. Customers can now complete their purchase online or at an Ola Electric Store and ride home on their fully registered vehicles in just hours. The company recently rolled out the first Roadster X motorcycle from its Futurefactory. The Roadster X series offers a breakthrough in motorcycle technology and comes with first-in-segment patented brake-by-wire technology with single ABS, and smart MoveOS 5 features such as advanced regeneration, cruise control, and reverse mode. The battery system of the Roadster X series gets an IP67 waterproof and dust-proof certification, advanced wire bonding technology, and a serviceable Battery Management System (BMS) enabling easy maintenance.
Business Upturn
28-04-2025
- Automotive
- Business Upturn
Ola Electric launches 72-hour Akshaya Tritiya sale with discounts up to Rs 40,000 and same-day delivery
By News Desk Published on April 28, 2025, 18:25 IST Ola Electric Mobility Limited announced a 72-hour festive sale ahead of Akshaya Tritiya, offering discounts of up to ₹40,000 across its S1 scooter portfolio. The promotional offers, which include free extended warranties and same-day deliveries in select states, are valid from April 28 to April 30, 2025. Under the special promotion, Gen 2 scooters now start at ₹67,499 and Gen 3 scooters start at ₹73,999. Customers purchasing Ola scooters can also benefit from #HyperDelivery, allowing same-day delivery and registration, which has been piloted in Bengaluru and will be expanded nationally over the coming quarter. In addition to retailing its expanded Gen 3 scooter range, Ola continues to sell its Gen 2 models including the S1 X (2kWh, 3kWh, 4kWh) and S1 Pro variants. The S1 Pro+ 5.3kWh model now starts at ₹1,88,200, while the 4kWh version starts at ₹1,48,999. Pricing across the lineup has been aggressively adjusted to attract new customers during the festive season. Ola Electric also recently rolled out the first Roadster X motorcycle from its Futurefactory. The Roadster X series introduces several first-in-segment features, such as brake-by-wire technology, single ABS, advanced MoveOS 5 capabilities like cruise control, reverse mode, and smart regenerative braking. Its battery systems are IP67-rated for waterproofing and dustproofing and come with enhanced serviceability. Ola Electric, based in Bengaluru, is India's largest pure-play electric vehicle manufacturer. With its vertically integrated operations, spanning EV production and battery technology innovation, the company continues to expand its leadership position across India's growing EV landscape. News desk at
