Ola Electric reported ₹828 crore in revenue in Q1 FY26, up 35.5% QoQ. Vehicle deliveries rose 32.7% to 68,192 units and gross margin improved to 25.6%, auto EBITDA neared breakeven at -11.6%. Project Lakshya cut costs sharply. Gen 3 scooters drove 80% of sales, and for FY26, the company forecasts ₹4,200–₹4,700 crore revenue and 3.25–3.75 lakh unit vehicle sales.