Ola Electric Sinks Most in Nearly Two Months as Loss Deepens
The company saw revenue decline 62% year-on-year to 6.11 billion rupees during the period, as it’s struggled to shake off a sales malaise.
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Ola Electric Mobility Ltd. fell the most since early April after reporting quarterly losses that more than doubled from a year earlier, a performance that founder Bhavish Aggarwal said was marred by operational delays, weak demand and rising competition.