Ola Electric’s Q1 FY26 net loss widened; deliveries fell, but Gen 3 products and cell production drive an optimistic FY26 outlook.

• Revenue rose 35.5% QoQ to ₹828 crore, but YoY fell 49.6% as deliveries dropped 46% to 68,192 units.
• Negative EBITDA expanded to ₹237 crore; pre-tax loss increased to ₹428 crore amid weak volumes and high costs.
• Targets FY26 sales of 3.25–3.75 lakh vehicles, ₹4200–4700 crore revenue; expects positive EBITDA in auto business from Q2.