Ola Electric's Q1 revenue drops 45% YoY but loss narrows to Rs 336 crore

Ola Electric faced a significant downturn in its June quarter operations, reporting a steep forty-five percent decline in revenue compared to last year. The company earned four hundred fifty-five crore rupees in the first quarter, with vehicle registrations also dropping as compared to the previous year. Despite this, Ola's net loss displayed a slight improvement, narrowing by about twenty-one point five percent year-on-year, with overall unit deliveries also decreasing.