# Ola Electric reports narrower first-quarter loss as EV sales rise

https://mins.news/en/item/16246

- Reuters, 2026-08-07 14:05 UTC
- Economy
- Original: https://www.reuters.com/world/india/indias-ola-electic-posts-narrower-first-quarter-loss-higher-ev-sales-2026-08-07/?link_source=ta_bluesky_link&taid=6a75e61669018900011c3d4d

> India’s Ola Electric said on Friday that its first-quarter loss had narrowed. The company attributed the improvement in part to stronger sales of electric two-wheelers. Lower operating expenses after a restructuring last year also helped reduce the loss. The results point to an improvement supported by both higher sales and reduced costs.