SoftBank-backed Indian two-wheeler maker Ola Electric's quarterly loss widens

SoftBank-backed Indian two-wheeler maker Ola Electric's quarterly loss widens

FILE PHOTO: Ola Electric's S1 Air e-scooters are pictured inside its manufacturing facility in Pochampalli in the southern state of Tamil Nadu, India, August 15, 2023. REUTERS/VarunVyas Hebbalalu/File Photo

India’s top electric two-wheeler maker Ola Electric reported a wider quarterly loss on Friday, hurt by heavy discounts it offered to fend off rising competition.

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