Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 367

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1A
Chunk 367
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 well as complexities associated with foreign employees’ entry into collective bargaining
    agreements that require less oversight and training by Zoomcar;

    ●
    fluctuations in currency
    exchange rates;

    ●
    higher levels of credit
    risk and payment fraud;

    ●
    potentially adverse tax
    consequences, including the complexities of foreign value added tax systems and restrictions on the repatriation of earnings;

    ●
    increased financial accounting
    and reporting burdens, in addition to complexities and difficulties relating to the implementation and maintenance of adequate internal
    controls;

    ●
    difficulties in implementing
    and maintaining the financial systems and processes needed to enable compliance across multiple offerings and jurisdictions;

    ●
    public health concerns
    or emergencies, such as pandemic and other highly communicable diseases or viruses, outbreaks of which have from time to time occurred
    in various parts of the world in which we operate;

    ●
    managing operations in
    markets in which cash transactions are favored over credit or debit cards;

    ●
    political, social, and
    economic instability abroad;

    ●
    terrorist attacks, including
    data breaches and security concerns;

    ●
    breakdowns in infrastructure,
    utilities, and other services;

    ●
    exposure to a business
    culture in which improper business practices may be prevalent;

    ●
    compliance with various
    anti-bribery laws; and

    ●
    reduced or varied protection
    of intellectual property rights in some countries.

47

While we believe that the
present regulatory environment in our target markets is generally favorable, this could and may change over time. If the regulatory environment
in our target markets becomes more unfavorable for car sharing businesses, this could have a negative impact on our operations in these
markets and could adversely impact our ability to achieve sustainable profitability in these markets.

Political changes in the Government of
India could delay or affect the further liberalization of the Indian economy and materially and adversely affect economic conditions
in India, generally, and our business, in particular. 

Our business could be significantly
influenced by economic policies adopted by the government of India. Since 1991, successive governments have pursued policies of economic
liberalization and financial sector reforms. The government has at various times announced its general intention to continue India’s
current economic and financial liberalization and deregulation policies. However, protests against such policies, which have occurred
in the past, could slow the pace of liberalization and