Ola Electric Revenue Plunges 55%; Founder Aggarwal Claims 'Reset'

Ola Electric released the financial results for the quarter ending December 2025 yesterday. The company reported losses of Rs 487 crore. This figure compares to losses of Rs 564 crore in the same quarter last year. The losses narrowed. However, revenue from operations dropped. The company earned Rs 470 crore in this quarter. This is a decline from Rs 1,045 crore in the corresponding quarter of 2024. 

Bhavish Aggarwal, the founder, issued a statement regarding the performance. "Q3 FY26 marks a structural reset for Ola Electric," Aggarwal said. He added that the company chose to "fix the fundamentals by restoring service execution, resetting our cost structure, and deepening vertical integration". Aggarwal claimed this approach lowered the breakeven point to 15,000 units per month. 

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Investors have watched the share price since the IPO in August 2024. The company listed shares at Rs 76. The stock trades currently around Rs 31. This represents a decline of over 50 per cent from the listing price. Shareholders have seen the value of their holdings decrease significantly since the listing debut. 

Data from December 2025 shows a shift in the market hierarchy. TVS Motor Company led the sales charts. Bajaj Auto followed in the second spot. Ather Energy took the third position. Ola Electric stood at number four in total sales for the year 2025. Market share for Ola sat at around 9 per cent in December, while Bajaj held over 19 per cent and Ather held over 17 per cent. 

The management outlined plans for the future. Documents show a reallocation of IPO proceeds towards research and product development. The company aims to stabilise operating expenses between Rs 250 crore and Rs 300 crore in the coming quarters. Aggarwal stated that the company will focus on cost efficiencies from the Gen3 platform. The firm plans to launch products to regain market share from rivals like TVS and Bajaj.