Analysis published 08 Oct 2026

AI-generated · cited to primary sources · not investment advice

Ola Electric (544225) Mar 2026 Filing Analysis

02 · Business Model

How durable is the business?

Export revenue as percentage of total sales
60/100

Geographic concentration remained unchanged: all reported customer revenue came from India, with no export revenue. The document reports operations across 30 Indian states but does not show a domestic regional revenue split. The later baseline also reports India at 100% of revenue, so there is no evidence of geographic diversification. (1 stable)

“Revenue by geography: India ₹2,061 crore in FY26 and ₹3,998 crore in FY25; other countries nil. The BRSR states exports contributed 0% of turnover and the baseline continues to report India at 100% of revenue.”

Ola Electric · Annual Report · Mar 2026 · p.207

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