Ola Electric Q1 results: Loss narrows to ₹336 crore on higher EV sales

•Ola Electric reported a Q1 loss of ₹336 crore, narrowing from ₹428 crore a year earlier.

•Sales of electric two-wheelers nearly doubled to 44,000 units, with deliveries rising to 39,200 units.

•Operating expenses fell 22% from the previous quarter due to cost-cutting measures.

•Revenue from operations fell 45% to ₹4.55 billion, despite a 30.5% gross margin.