Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 281

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 281
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 market-standard practice
for similar lease arrangements. In assessment of the lease term, the Company considers the extension option as part of its lease term
for those lease arrangements where the Company is reasonably certain of availing the extension option.

| The components of lease expense were as follows: |     |                    |         |     |      |         |     |                   |           |     |      |         |
| (In USD)                                         |     | Three months ended 
       December 31, |         |     |      |         |     | Nine months ended 
      December 31, |           |     |      |         |
| Period ended                                     |     |               2024 |         |     | 2023 |         |     |              2024 |           |     | 2023 |         |
| Finance lease cost:                              |     |                    |         |     |      |         |     |                   |           |     |      |         |
| Amortization of right-of-use assets              |     |                  $ |       - |     |    $ |       - |     |                 $ |         - |     |    $ |       - |
| Interest on lease liabilities                    |     |                    | 180,841 |     |      | 152,659 |     |                   |   448,050 |     |      | 469,140 |
| Operating lease cost                             |     |                    |  85,570 |     |      | 127,399 |     |                   |   280,140 |     |      | 387,681 |
| Short term lease cost                            |     |                    | 328,932 |     |      |  43,691 |     |                   |   501,855 |     |      | 123,364 |
| Total lease cost                                 |     |                  $ | 595,343 |     |    $ | 323,749 |     |                 $ | 1,230,045 |     |    $ | 980,185 |

Supplemental cash flow information related to leases was
as follows:

|                                                                         | (In                       
 USD)                      
 For the Nine months ended |   | December 31, 
         2024 |     |   | December 31, 
         2023 |
|:------------------------------------------------------------------------|:--------------------------|:--|-------------:|:----|:--|-------------:|
| Cash paid for amounts included in the measurement of lease