Ola Electric Mobility Limited — Updates, 07-02-2025: Press Release

Ola Electric has reported consolidated quarterly revenue of ₹1,069 Cr for the period ending December 31, 2024, reflecting a decrease from ₹1,336 Cr in the same quarter the previous year. Despite this, the company maintains a strong market presence with a 25.5% market share in the EV two-wheeler segment, supported by the launch of its Gen 3 S1 scooter range and entry-level scooter portfolio. The Automotive segment's Gross Margin improved by 20 bps quarter-on-quarter to 20.8%, demonstrating resilience amidst competitive pressures.

The company delivered 84,029 units in the quarter, slightly down from 86,775 units last year. Significant growth in distribution points to over 4,000 has established Ola as a leader in EV footprint expansion in India. The entry into the motorcycle market with the Roadster X and Roadster X+ series further diversifies its product offering. Continuous investment in service infrastructure and battery technology positions Ola Electric favorably for future growth and profitability, reflecting a positive outlook for investors in the EV sector.