Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 283

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 283
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MENTS (UNAUDITED)

| 12 | Leases |

The Company’s leases primarily include vehicles and corporate offices which have been classified as finance leases and operating leases, respectively. The lease term of operating and finance leases varies between 3to 7years. The lease agreements do not contain any covenants to impose any restrictions except for market-standard practice for similar lease arrangements. In assessment of the lease term, the Company considers the extension option as part of its lease term for those lease arrangements where the Company is reasonably certain of availing the extension option.

| The components of lease expense were as follows: |     |              |         |     |      |         |     |              |           |     |      |         |
| (In USD)                                         |     |        Three 
 months ended 
 December 31, |         |     |      |         |     |         Nine 
 months ended 
 December 31, |           |     |      |         |
| Period ended                                     |     |         2024 |         |     | 2023 |         |     |         2024 |           |     | 2023 |         |
| Finance lease cost:                              |     |              |         |     |      |         |     |              |           |     |      |         |
| Amortization of right-of-use assets              |     |            $ |       - |     |    $ |       - |     |            $ |         - |     |    $ |       - |
| Interest on lease liabilities                    |     |              | 180,841 |     |      | 152,659 |     |              |   448,050 |     |      | 469,140 |
| Operating lease cost                             |     |              |  85,570 |     |      | 127,399 |     |              |   280,140 |     |      | 387,681 |
| Short term lease cost                            |     |              | 328,932 |     |      |  43,691 |     |              |   501,855 |     |      | 123,364 |
| Total lease cost                                 |     |            $ | 595,343 |     |    $ | 323,749 |     |            $ | 1,230,045 |     |    $ | 980,185 |

Supplemental cash flow information related to leases was as follows:

|                                              | (In                       
 USD)