India, Aug. 10 -- Under deep public scrutiny, Bhavish Aggarwal's Ola Electric has spent the past year trying to fix a business that had moved sharply away from growth to prevent market share erosion.

The two-wheeler EV maker stepped into FY27 with a clear and simpler objective: sell more vehicles, bring down its cost base and get its manufacturing investments to start paying off.

Its first-quarter numbers show that some of these efforts are working. With that said, the financials also make it clear that Ola Electric is still far from a comfortable position.

In Q1 FY27, Ola Electric's consolidated revenue from operations rose 72% QoQ to Rs.455 Cr, while its net loss narrowed 22% YoY to Rs.336 Cr from Rs.428 Cr. Sequentially, the loss ca...