Ola Electric reported a significant decline in its financial performance during the first half of FY26. The company faced a negative cash flow from operations of INR 143 crore for the quarter ended June 30, 2025, primarily due to ongoing operating losses and lower-than-expected sales volume. Its cash balance decreased from INR 3,959 crore in March 2025 to INR 2,903 crore in Q2 FY26, indicating a tightening liquidity position. The company's vehicle deliveries dropped to 68,192 units in Q1 FY26 from 125,198 units a year earlier, marking a 45% decrease in customer deliveries year-on-year. Additionally, Ola Electric's electric two-wheeler registrations fell 48% month-on-month in November 2025, contributing to a loss of market share, as it slipped to fifth position in the market. The company's revenue from operations also saw a sharp decline, falling 43% year-on-year to INR 690 crore in Q2 FY26 from INR 1,214 crore in the same quarter of FY25. Furthermore, Ola Electric's net loss widened to INR 428 crore in Q1 FY26, a 23% increase from INR 347 crore in the same quarter last year, reflecting a deteriorating financial performance amid declining sales and market share.