Indian two-wheeler maker Ola Electric's quarterly loss widens

India's top electric two-wheeler maker Ola Electric Mobility OLAELEC reported a wider quarterly loss on Thursday, hurt by falling sales and steep discounts it offered to beat growing competition.

The firm posted a loss of 8.7 billion rupees ($101.8 million) in the quarter ended Macrh 31, compared with a loss of 4.16 billion rupees a year earlier.

($1 = 85.4650 Indian rupees)