business ⚡ Ola's revenue dips again; settles with Sebi
Ola Electric's revenue fell for the seventh straight quarter, hitting ₹455 crore in April-June. This decline occurred while the company faces an investigation from Sebi regarding its disclosures in New Delhi. For the period ending June, sales registrations dropped 27% year-on-year to nearly 44,000. The company is pursuing a settlement with Sebi without admitting liability to resolve the probe expeditiously. Aggarwal is focusing on dealerships and monetizing its 6GWh cell capacity soon. ⚡