The company's total revenue also saw a significant decline in the December quarter, falling 56.99 per cent year-on-year to Rs 504 crore, compared to Rs 1,172 crore in the same period last year. Ola Electric continues to suffer losses. In the December quarter of FY26, the company reported a loss of Rs 487 crore, compared to Rs 564 crore in the same period last year.