Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 83

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 83
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 during the six months ended on September 30, 2025, as compared to $1.02 million during the six months ended on September
30, 2024, a decrease of $0.65 million, or 64%, primarily driven by $0.43 million reduction in performance marketing expenses, Personnel-related
costs decreased by $0.14 million due to reductions in headcount and $0.08 million reduction in brand marketing.

General and Administrative 

    For the Three Months  Ended Sep 30,  
    For the Six Months  Ended Sep 30, 

    2025  
    2024  
    Change  
    % Change  
    2025  
    2024  
    Change  
    % Change 
  
    General and administrative 
     2,151,287  
     1,656,036  
     495,251  
           30% 
     4,025,482  
     4,054,948  
     (29,466) 
           -1%

General and administrative
expenses were $2.15 million during the three months ended on September 30, 2025, as compared to $1.66 million during the three months
ended on September 30, 2024, an increase of $0.50 million, or 30%. This increase is primarily due to increase in personnel-related costs
by $0.17 million and professional charges increased by $0.31 million due to RSU and Stock Inducement to employees and CEO incurred during
the three months ended September 30, 2025.

General and administrative
expenses were $4.03 million during the six months ended on September 30, 2025, as compared to $4.05 million during the six months ended
on September 30, 2024, a decrease of $0.02 million, or 1%. Legal and professional cost increased by $0.29 million due to Stock inducement
awarded to CEO during the six months ended September 30, 2025, this increase is offset by reduction of personal-related costs by $0.19
million despite of RSU issuance cost incurred, due to reduction of headcount during the six months ended September 30, 2025and the rent
expense is reduced by $0.11 million pertains to rental towards parking site where