Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 221

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 221
---
 do not reflect the actual economic value that may be realized by our named executive officers.             |

<div align='center'>129</div>

| (3) | The amounts in this column represent                                                                                                   
 the amount of variable pay earned by each named executive officer in respect of the fiscal year ended March 31, 2024, which is paid in 
 Indian Rupees and reported above based on a rate of 82.78 Indian Rupees to $1.                                                         |

| (4) | All Other Compensation amounts                                                                                                        
 reported for each named executive officer were paid in Indian Rupees and are reported above based on a rate of 82.78 Indian Rupees to 
 $1.                                                                                                                                   |

| (5) | On behalf of Mr. Moran, Zoomcar                                                                                                         
 made $53,856 and $23,512 in contributions to India’s Provident Fund, a defined contribution plan, for the fiscal year ended March       
 31, 2024 and 2023 respectively. Zoomcar paid $20,351 and $20,216 for a corporate apartment utilized by Mr. Moran during the fiscal year 
 ended March 31, 2024 and 2023 respectively.                                                                                             |

| (6) | On April 4, 2024, the Company                                                                                                      
 and Mr. Dubash agreed to a mutual separation of employment, effective April 12, 2024. Mr. Dubash’s departure was not in connection 
 with any disagreements with the Company.                                                                                           |

| (7) | On behalf of Mr. Dubash, Zoomcar                                                                                                  
 made $42,623 and $20,357 in contributions to India’s Provident Fund, a defined contribution plan, for the fiscal year ended March 
 31, 2024 and 2023 respectively.                                                                                                   |

| (8) | Mr. Hiroshi Nishijima assumed                                                                                                
 responsibilities as Zoomcar’s Chief Operating Officer in May 2022. Pursuant to the COO employment agreement, Mr. Nishijima’s 
 annual salary is $302,724 with an annual performance bonus opportunity of $17,189.                                           |

| (9) | Mr. Nishijima received two short-term                                                                                                     
 retention incentives totaling $78,399 in respect of the fiscal year ended March 31, 2024 and two short-term retention incentives totaling 
 $40,000 in respect of the fiscal year ended March 31, 2023.                                                                               |

| (10