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

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 30
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 vehicle in an offline format without benefit of an organized platform. Through targeted communication
and outreach, we should be able to reach these potential users and communicate the platform’s core value proposition.

Competition for Guests 

We compete to attract and
retain Guests that might otherwise utilize a variety of different competitive sources, primarily from offline, unorganized car rental
companies and from other transportation alternatives such as taxis and bus services. Compared to our offline, unorganized car rental
competitors, our primary differentiating factors tie back to our stronger depth and breadth of vehicle choice that is situated in denser,
more conveniently located urban environments. Combined with a wider range of pricing options and more personalized search and sorting,
we believe that we are better positioned to match the right vehicle to the right guest for the right use case. Our ratings and review
engine combined with 24/7 support provide an additional layer of support and reliability for our Guests compared to the offline, unorganized
alternatives.

While global car rental
operators like Hertz, Avis, Enterprise, Zipcar and Sixt do not currently operate in India, it is possible that they might enter or expand
in our markets, or that we may enter into their markets, at some time in the future.

Additionally, global car
sharing marketplaces such as Turo and Getaround do not operate in our current market. While their entry in our current market is possible,
at present, these companies’ core offerings tend to be less oriented towards emerging market customers, as compared to Western
guests, and to our knowledge, they do not yet have specific product customizations that are focused on the emerging market consumer.

If any of the global operators
mentioned above were to enter our core market, we believe we would compare favorably to their customer offerings based on multiple factors,
including that our platform permits localization and an easy-to-use customer experience, locally trained data models with personalized
recommendation engines, and local team members who have spent their entire professional careers building similar businesses in our core
geographies.

While we believe that we
compare very favorably against the potential competitors described above, we believe that our strongest Guest-based competition comes
in the form of other transportation alternatives such as mass transit, scooter/motorcycle, three-wheeler, or a chauffeur-driven car.
We believe that our ability to offer a wide array of prices that can accommodate different prospective Guest segments is a major potential
asset that we believe Favors our platform over these alternatives. Moreover, the convenience that