Ola Electric Report: The Indian stock market closed at a higher level on Tuesday. During this period, investors kept a special eye on electric vehicle companies. Meanwhile, shares of Ola Electric rose by about 1 percent to Rs 36.96. The company informed about big plans for loss reduction, service improvement and battery expansion in its Q4FY26 update.

The company says…
According to the company, its revenue declined to Rs 265 crore in the quarter of March 2026, which was Rs 611 crore in the same quarter last year. However, the company’s losses reduced significantly during this period. Net loss in Q4FY26 stood at Rs 500 crore, compared to Rs 870 crore in the same period last year. Ola Electric said that its gross margin has also improved. Besides, the operating EBITDA loss has also reduced compared to before. The company’s total revenue for the entire FY26 stood at Rs 2,253 crore, while the annual net loss came down to Rs 1,833 crore.

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Service quality improved
The company has also said that there has been a big improvement in its service quality. While in October 2025 it took an average of 9 days to service customers, by March 2026 this time came down to about 1 day. Warranty cost also reduced from Rs 555 crore to just Rs 59 crore.

Expansion in battery business
After this loss, now the battery is going to play a big bet by expanding. Ola Electric has also announced plans for major expansion in the battery business. The work on the company’s 6 GWh Gigafactory is almost complete and will be started soon. The company is preparing to increase the battery capacity to 20 GWh by next year.

Demand for electric motorcycles increased
Apart from this, the company said that its vehicle registrations have increased by 20 percent in April 2026. The demand for roadster electric motorcycles is also increasing rapidly and the company is claiming about 50 percent market share in this segment. Ola Electric expects orders to double in the first quarter of FY27. The company believes that better service, strong supply and increasing demand will further benefit the business.

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