Ola Electric shares slip 5% as Q3 loss widens YoY to Rs 564 crore

Shares of Ola Electric Mobility fell as much as 4.9% on Friday to Rs 68.35 on the BSE after the electric vehicle (EV) manufacturer’s loss widened to Rs 564 crore for the December quarter, driven by a decline in revenue and rising costs.

The company posted a net loss of Rs 564 crore for the…