Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 2007

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 7
Chunk 2007
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 IT services
while enabling more in-app features for Guests and Hosts. 

Sales and Marketing

    For the Years Ended March 31, 

    2025  
    2024  
    Change  
    Change % 
  
    Sales and marketing 
     1,466,047  
     5,767,036  
     (4,300,989) 
     -75%

Sales and marketing expense totaled $1.47 million during the year ended
March 31,2025, as compared to $5.77 million during the during the year ended March 31,2024, a decrease of $4.30 million, or 75%, primarily
driven by $3.64 million reduction in marketing expenses, Personnel-related costs decreased by $0.40 million due to reductions in headcount.
Further there was a reduction of $0.26 million in Host incentives (this reflects the portion of the host incentives accounted for as sales
and marketing expense during the year ended March 31,2025.

70

General and Administrative

    For the Years Ended March 31, 

    2025  
    2024  
    Change  
    Change % 
  
    General and administrative 
     9,778,371  
     17,245,096  
     (7,466,725) 
     -43%

General and administrative expenses were $9.78 million during the year
ended March 31, 2025, as compared to $17.25 million during the year ended March 31,2024, a reduction of $7.47 million, or 43%. Professional
fees reduced by $5.65 million driven by elimination of SPAC related expenses during the year ended March 31, 2025 as compared to the previous
comparable period. Personnel-related costs decreased by $1.79 million due to reductions in headcount during the year ended March 31, 2025.

Impairment of balances with government authorities

    For the Years Ended March 31, 

    2025  
    2024  
    Change  
    Change % 
  
    Impairment of balances with government authorities 
     -  
     3,875,767  
     (3,875,767) 
     -100%

The impairment of balances
with government authorities were Nil during the