Ola Electric's supplier crisis deepens as overdue MSME dues surge amid halving sales
Overdue payments beyond 45 days jumped from ₹11 cr to ₹81 cr, with three vendors filing insolvency petitions. Revenue fell from ₹5,010 cr to ₹2,253 cr while losses widened to ₹1,833 cr. FY26 sales tracking under 200,000 units despite a ₹780 cr QIP raised in June. Shares down 5%.
Ola Electric faces rising delayed payments to MSME suppliers, with overdue dues beyond 45 days climbing sharply and three vendors filing insolvency petitions, amid halving sales, deepening losses, and a ₹780 crore QIP.