After the disruption caused by Go First, India’s relationship with global aircraft lessors is showing a clear turnaround. The Aviation Working Group has upgraded the country’s ratings to the highest level in recent years, signaling improved confidence. The shift points to stronger processes and reduced risk perceptions for airlines and lessors working in India.
ICRA has downgraded Ola Electric Technologies, citing declining sales, persistent losses, and delayed profitability. While the company worked on improving unit economics, intensifying competition and subsidy rationalisation pressured demand and margins. Ola Electric’s electric two-wheeler market share has also fallen, with legacy players increasingly dominating the segment.
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