Future Tech
India's Ola Electric posts bigger Q1 loss
BENGALURU - Ola Electric, India's top e-scooter maker, reported a wider first-quarter loss on Wednesday, hurt by the price cuts it took to boost demand after the government reduced incentives.
The company, which made its trading debut last week, said its loss widened to 3.47 billion rupees ($41.4 million) in the April-June quarter from 2.67 billion rupees in the year-ago quarter. ($1 = 83.9190 Indian rupees)
- Reuters
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