Ola Electric Mobility Limited reported a decline in vehicle deliveries for Q3 FY25 to 84,029 units, down 14.8% from 98,619 units in Q2 FY25. This marks a slowdown despite the company’s aggressive push in the premium and mass electric scooter segments.
Key Highlights:
- Vehicle Deliveries: Dropped from 98,619 in Q2 FY25 to 84,029 in Q3 FY25, with the premium segment witnessing a sharper decline from 42,074 units to 29,283 units. Deliveries in the mass segment slightly dipped from 56,545 units to 54,746 units.
- Revenue: ₹1,069 crore, a decline from ₹1,240 crore in Q2 FY25, reflecting reduced sales volumes.
- Gross Margin: Improved marginally to 20.4% from 20.3% in the previous quarter, indicating consistent cost control.
- EBITDA: Negative ₹436 crore, compared to negative ₹353 crore in Q2 FY25, driven by higher operating expenses.
- Net Loss: Widened to ₹564 crore from ₹495 crore in Q2 FY25.
The company attributed the decline in premium segment deliveries to heightened competition and supply chain disruptions. However, Ola Electric remains optimistic about recovering growth through upcoming product launches and expanding its manufacturing footprint.
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