Ola Electric Mobility Limited — Updates, 29-05-2025: Press Release

Ola Electric boosted FY25 gross margins to 20.5% from 14.8% YoY, aiming for ~35% in Q2 FY26 with incentives. Deliveries surged to 3.59 lakh units, driven by a 3.5X rise in S1 X sales to 1.96 lakh units. New Gen 3 scooters and Roadster X motorcycles expanded offerings and enhanced margins. Project Lakshya’s cost cuts lowered Auto segment EBITDA break-even to below 25K monthly units, targeting profitability in FY26. Network expanded to 4,000+ touchpoints, accelerating growth in Tier 3 and rural markets. Bharat Cell production is nearing commercial launch.