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Ola Electric's consolidated revenue reached Rs 470 crore with 32,680 unit deliveries in Q3 FY26. The company underwent a structural reset to optimize its retail footprint and cost structure amidst slower EV growth.

Gross margin improved to 34.3%, up 15.7 percentage points year-on-year. The firm aims to reduce quarterly operating expenses to Rs 250-300 crore, lowering EBITDA breakeven to 15,000 units per month. Additionally, the company doubled cell production and launched its first residential BESS product.