“With Production Linked Incentive (PLI) benefits beginning from Q2 for Gen 3 product portfolio, gross margin is projected to rise to 35% – 40%, and the company anticipates full-year Auto EBITDA of above 5%. The company also expects the auto business to remain EBITDA positive from Q2 onwards,” said Ola Electric in a statement.
The Bhavish Aggarwal-led company expects to sell between 325,000 to 375,000 vehicles and generate revenue of Rs 4200-4700 crore in FY26.
Ola also informed that the in-house production of its 4680 Bharat Cell will begin powering vehicles starting this Navratri. The company expects that by the end of FY26, it would fully utilise the 1.4 GWh, and install the remaining capacity to get to 5 GWh and scale consumption to 5 GWh through FY27.
Ola also claimed that it has successfully developed Heavy Rare Earths (HRE) free motors which are scheduled for production deployment in Q3 of FY26.
