Rishik Gupta

@bhash @OlaElectric No one in this country listens

@bhash Fuck you @OlaElectric @bhash and all the share holders. The worst scammers in the world. My only medium of transport has been rotting in your service centre from 2.5 months you Fuckers

Q3 FY26 marks a structural reset for Ola Electric. As EV penetration growth moderated and service execution required strengthening, we made a deliberate choice - fix the fundamentals, not chase short-term volume. We realigned our retail footprint, strengthened our cost structure, and redesigned our operating model for sustainable growth. The result is a structurally lower breakeven business with significantly improved operating leverage. The strength of these actions is visible in our numbers. We delivered a record 34.3% consolidated gross margin in Q3, the highest in the electric two-wheeler industry, expanding 15.7 percentage points YoY and 3.4 percentage points QoQ. This is not a temporary lift. It reflects the structural advantage we’ve built through deep vertical integration and the economics of our Gen3 platform. We continue to see gross margins stabilising in the 35-40% range in FY27. Over the past few years, we have invested approximately ₹5,300 crore across manufacturing infrastructure, battery innovation, and R&D. That investment, unmatched among Indian OEMs, has created full vertical integration across motors, batteries, cells, electronics and software. It has built scalable manufacturing and a proprietary technology stack. And importantly, the heavy capex phase is now largely behind us. With Gigafactory scaling toward 6 GWh by March’26 and capacity for 1 million vehicles already in place, the focus shifts from building capacity to scaling into it. The upfront strategic investments in cells to motors to software create a compounding advantage: as we scale into existing capacity, incremental revenue flows directly to margins with minimal additional fixed costs, accelerating profitability with each unit sold. We also confronted our biggest challenge head-on: service execution. The issue was service scale, not product quality. Independent surveys show over 90% product satisfaction and strong repurchase intent. Warranty provisions for FY26 are expected at just 2–3% of revenue, among the lowest in the Indian EV industry. That showcases our engineering depth. Through Hyperservice, we strengthened parts availability, expanded technician training, tightened governance, and deployed AI-led automation. Service backlogs have reduced nearly 50%, and we now complete close to 80% of service requests on the same day. As service performance stabilises, the strength of our product proposition will reassert itself in the market. Our recovery plan is simple and disciplined: restore trust through service stabilisation, reinforce product superiority in range, performance and value, and activate our installed base of nearly 11 lakh customers, the largest in the Indian EV ecosystem. With a structurally reset cost base and 85–90% of opex fixed, incremental volume recovery will directly translate into profitability. Q3 was not about short-term optics. It was about strengthening the foundation. We have reduced the EBITDA breakeven to approx. 15,000 units per month and embedded operating leverage into the business. The heavy build phase is behind us. Watch our metrics. Talk to our customers. The turnaround will speak for itself. Read the complete Shareholders’ Letter here: bit.ly/4kFnlVS

@OlaElectric @bhash How pathetic scammers you people are @bhash @OlaElectric , have you seen the condition of your service centres accross the country? 2 months have passed and my scooter is rotting in one of those centres with thousands of others. Shame on you @PMOIndia @nitin_gadkari @myogioffice

Built for faster service wherever you are. HyperService now across India.

@GyanTherapy Not even 2%, scam is going on here

Let me correct ✅️ Actually he want to say our actual service Goal is 100-80% = 20%

@OlaElectric No battery replacement in 191 days.no any value of ola guarantee period.

@OlaElectric What is happening....When will you get the service centres running. My vehicle lying outside service centre since 6 months now. This is pathetic.

@OlaElectric Do you want my interview. My vehicle is in service centre since last 3 months. And around 3000 such are there only at one service centre

@OlaElectric @bhash See your hyper service, its been 2 months and you haven’t done shit😂

Your city moves fast. Now your service does too.

@OlaElectric Dont share fake videos...your service centres are still not working. Thousands of vehicles still lying for repair outside service centres. Mine since last 6 months. So please dont fool innocent customers. Shameless OLA

@OlaElectric Shame on you guys, own up to your pathetic conditions

This Republic Day, we celebrate what we build and how we move forward.

@HIMESH_SS @vannumeena0 @bhash @OlaElectric I have lost all the hope from them, the service engineers have stopped coming as they are afraid that people will atart beating them now

@rishikg24 @vannumeena0 @bhash If true, & if all these vehicles are serviced & back on the road, imagine the kind of positive impact that would create for @OlaElectric The benefits would b far more than manufacturing/launching & selling new🛵 Because it restores customers trust & brand name &market share

Those 20 mn people who will buy an ICE 2W this year will spend ₹40,000 crore on petrol in just a year! That’s how much money will be wasted by still not buying an EV!

@IrfanKuzen Bhai fraud company hai, pata nahi kyu paise diye hamlogo ne

Varanasi dafi ka hai bahi ekdam bekaar service hai 😭

World Class Indigenous , Vedic, Indic, Lunar Calendar engineered product to be proud of - @bhash

Friend A bought a ICE scooter in 2016 for ~INR 65K. It has run more than 75,000kms so far and has max downtime of 12 hours for maintenance. Friend B bought your filthy Ola Scooter in 2023 for ~INR 1.4L. It barely worked 5,000kms. It has been collecting dust since a year and there is no service centre available. It's scrap metal now. Friend A is 100x more happy than Friend B because reliability. Now imagine the plight of folks whose livelihood depends on the EV for deliveries but are now stuck in a limbo. Nobody has done more damage to the EV cause more than you @bhash.

@ShivamVahia Absolutely true! @OlaElectric @bhash are the scammers of this decade. Ruined lives of all the people who trusted them

@bhash Asshole, what about the time you waste when your low quality scooter goes to the service centre and you keep it for months? You should be sent to jail for selling wrongly

@OlaElectric I challenge you to reply to this tweet here on this reply and tell the world about your hyperservice

Look at the #hyperservice from @OlaElectric. Mr. @bhash repairing scooters himself going from service center to center. I hope he reaches to my scooter within a year. Very desperately waiting for my scooter to come back! Thank you @OlaElectric