Ola Electric cut its losses sharply in Q1 FY26, with auto EBITDA margin improving from –90.6% to –11.6% and per-scooter profit rising to ₹31,000. Sales grew to 68,000 units, market share rose, and revenue hit ₹828 crore. Cost cuts, new Gen 3 scooters, and in-house battery production drove the turnaround.