Ola Electric to focus on capital discipline, risk management: CEO Bhavish Aggarwal after dismal Q4 earnings

The March quarter of FY25 was a period of “important learning and introspection” for Ola Electric, said founder and CEO Bhavish Aggarwal, as the company recalibrates its approach to capital allocation and operational risk following its transition to a publicly listed firm.

“As we have transitioned from a private to a public company, we have to also manage operating risk in a slightly more mature way. So, that lesson has been well learned by everybody at Ola Electric,” Aggarwal said during the company’s earnings call on Thursday. “Going forward, hence you will see us be deeper as well as thoughtful about capital allocation and operating risk,” he added.

Aggarwal said Ola Electric has now sequenced its capital deployment for new product development more carefully, and is placing greater emphasis on institutionalising operational processes — particularly across customer-facing functions, compliance, and risk management.


His comments come amid mounting pressure on the Bengaluru-based electric vehicle company, which is contending with increased regulatory scrutiny and eroding market share.

Ola Electric’s net loss widened to Rs 870 crore in the fourth quarter of FY25, up from Rs 416 crore a year earlier. Operating revenue plunged 61.8% year-on-year to Rs 611 crore, compared with Rs 1,598 crore in Q4FY24.

In May, the company fell to third place in India’s electric two-wheeler market, behind TVS Motor and Bajaj Auto. Its market share declined to 20%, down from 22.1% in April, and sharply lower than the 50% share it held in May 2024.

Shares of Ola Electric closed at Rs 53.2 on the BSE on Thursday, well below its IPO price of Rs 76.