Ola Electric Improves Gross Margins by 38% YoY in FY25, Targets Profitability in FY26

Ola Electric Mobility Limited has reported a 38% year-over-year improvement in gross margins for the financial year 2025. The company, which is a leading electric vehicle manufacturer in India, aims to achieve profitability in the financial year 2026. The company's Q1FY26 gross margins showed a further improvement of 10 pp over Q4 FY25, and it expects its gross margins to improve to approximately 35% in Q2 FY26. Ola Electric delivered 3,59,221 units in FY25, maintaining leadership in the E2W segment and driving higher EV penetration. The company expanded its product portfolio with the launch of the Gen 3 S1 scooters and Roadster X motorcycles, and it also expanded its distribution network to over 4,000 touchpoints.