Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 258

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 258
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 for
the three months and six months ended September 30, 2024).

(This
space has been left intentionally blank)

28

ZOOMCAR HOLDINGS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS (UNAUDITED)

10Leases

The
Company’s leases primarily include vehicles and corporate offices which have been classified as finance leases and operating leases,
respectively. The lease term of operating and finance leases varies between 3 to 7 years. The lease agreements do not contain any covenants
to impose any restrictions except for 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) Period ended 
    September 30,  2025  
    March 31, 2025 
  
    Interest on finance lease liabilities 
    $172,380  
    $550,903 
  
    Operating lease cost 
     167,400  
     363,435 
  
    Short term lease cost 
     59,847  
     486,289 
  
    Total lease cost    
    $399,627  
    $1,400,627 

Supplemental
cash flow information related to leases was as follows:

    (In USD) Period ended 
    September 30,  2025  
    March 31, 2025 
  
    Cash paid for amounts included in the measurement of lease liabilities: 

    Operating cash outflows for operating leases 
    $(83,314) 
    $(338,626)
  
    Financing cash outflows for finance leases    
    $(57,768) 
    $(2,103,219)

29

ZOOMCAR HOLDINGS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS (UNAUDITED)

10Leases (Continued)

Supplemental
balance sheet information related to leases was as follows:

    (In USD) As at 
    September 30,  2025  
    March 31, 2025 
  
    Operating Leases 

    Operating lease right-of-use assets 
    $888,705  
    $1,021,898 

    Current operating lease liabilities