Lossmaking Indian two-wheeler maker Ola Electric said on Friday that it seeks to lower its operating costs by as much as 50% in the coming quarters, after posting a narrower third-quarter loss as it sets its sights on turning profitable. The SoftBank-backed firm posted a narrower quarterly loss of 4.87 billion rupees ($53.75 million) as its new lineup of models cost less to produce, partly offsetting a sales slump. Ola, which once led India's electric two-wheeler market with a 50% market share at its peak, has stumbled over the last year, affected by a deluge of complaints about its service centres that drew regulatory scrutiny.