Ola Electric commits ₹2,000 cr to EV and cell units in profitability push
Board greenlights $208.5M infusion into EV and battery cell subsidiaries by May 2027, funding localisation, in-house cell production and a lower-priced scooter as Ola fights Bajaj, TVS and Ather. FY26 EV revenue stands at ₹4,717 cr, cell unit at ₹73 cr; management projects 50% opex cut.
Ola Electric's board approved a ₹2,000-crore investment into its EV and cell subsidiaries by May 2027, funding localisation, in-house battery cell production and a cheaper scooter line as it chases profitability against Bajaj, TVS and Ather.
Why this matters
The infusion formalises Ola's earlier disclosed ₹2,000 cr CCPS plan into manufacturing arms OET and OCT, doubling down on cell localisation as competitive pressure from Bajaj, TVS and Ather intensifies.
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