Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 153

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 153
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 Any of these results could materially adversely affect our business, results of operations, and financial condition.

We may introduce new platform
offerings or changes to existing platform offerings or make other business changes, including in areas where we currently do not compete,
which could increase our exposure to patent, copyright, trademark, and other intellectual property rights claims from competitors, other
practicing entities, and non-practicing entities. Any failure in maintaining, protecting, or enforcing our intellectual property rights
could have a material adverse effect on our business, financial condition, and results of operations.

Risks related to International, Regulatory
and Legal Matters

Our business is subject to certain laws
and regulations in the jurisdictions in which it operates, many of which are currently evolving, and the risk of unfavorable interpretations
or failure to comply with such laws and regulations could harm Zoomcar’s business, financial condition and results of operations. 

Our platform currently operates
across 94 cities in India. We are subject to differing, and sometimes conflicting, laws and regulations in the various states in which
we operate our business, which are evolving and may change from time to time, which may give rise to inconsistent or ambiguous interpretations
among local, regional, or national laws or regulations applicable to our business. Compliance with laws and regulations of different states
imposing varying standards and requirements is burdensome for businesses like ours, imposes added cost, increases potential liability
to our business, and makes it difficult to realize business efficiencies and economies of scale.

Relative to India, which
is the location of our headquarters, and the market where we currently have the largest number of bookings, we operate as an asset-light
peer-to-peer carsharing business based on an interpretation of current legal and regulatory requirements. The operation of our business
is informed by a regulatory framework which includes but is not limited to, the India Motor Vehicle Act, 1988 (“MVA”),
which informs how we operate and the ways in which we promote our business. However, there can be no assurance that our interpretation
of relevant Indian laws and regulations, including the MVA, is complete or correct, or that transportation authorities in India will interpret
the MVA or other applicable regulations the same way that we do. In the event that the MVA or other applicable laws and regulations are
interpreted in a manner unfavorable to us, we could become the subject of investigations and could potentially face fines, duties, judgments
or other negative consequences, which could materially adversely affect our business and results of