{
  "id": 19750629,
  "title": "Ola Electric Slides In Q2, NVIDIA CEO Quits & More",
  "url": "https://urgent.news/2026/11/13/ola-electric-slides-in-q2-nvidia-ceo-quits-more",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-13T02:30:14.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/ola-electric-slides-in-q2-nvidia-ceo-quits-more/"
  },
  "original_language": "en",
  "account": "Ola Electric reported a 39% YoY decline in operating revenue to ₹421 Cr in Q2 FY27. The company's net losses narrowed by 13% YoY to ₹362 Cr, though total expenses fell by 28% YoY to ₹639 Cr. The company's gross margin slipped 100 basis points YoY to 29.9%. Supply chain issues, including component and charger bottlenecks, hampered vehicle output, leading to a sales decline. Despite weaker dispatches and rising commodity prices, Ola Electric managed to reduce net losses through aggressive cost cuts. The company now plans to focus on improving its supply chain, with an expectation of output increasing to 25,000 units by December.\n\nOla Electric shifted its sales strategy from company-owned stores to a dealer-led network. By transferring inventory and financing to external partners, the company aims to trim expenses and streamline working capital cycles. While near-term margins may be compressed due to initial dealer payouts, Ola Electric anticipates margin improvements as retail velocity stabilises across the new outlets.\n\nOla Electric continues to report negative free cash flow for the quarter, with the gap largely attributed to capex at the Gigafactory. The company claims to have bolstered its cash reserves through recent fundraises and by reducing legacy borrowings. It also expects changes to India's GST refund mechanism to shorten refund cycles and free up working capital.",
  "summary": "Ola Electric’s Revenue Dips In Q2 Ola Electric’s Q2 FY27 performance told a tale of two extremes. While revenues continued…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}