Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 1095

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 3
Chunk 1095
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 national laws or regulations applicable to our business. Compliance with laws and regulations of different states
imposing varying standards and requirements is burdensome for businesses like ours, imposes added cost, increases potential liability
to our business, and makes it difficult to realize business efficiencies and economies of scale.

Relative to India, which
is the location of our headquarters, we operate as an asset-light peer-to-peer carsharing business based on an interpretation of current
legal and regulatory requirements. The operation of our business is informed by a regulatory framework which includes but is not limited
to, the India Motor Vehicle Act, 1988 (“MVA”), which informs how we operate and the ways in which we promote our business.
However, there can be no assurance that our interpretation of relevant Indian laws and regulations, including the MVA, is complete or
correct, or that transportation authorities in India will interpret the MVA or other applicable regulations the same way that we do. In
the event that the MVA or other applicable laws and regulations are interpreted in a manner unfavorable to us, we could become the subject
of investigations and could potentially face fines, duties, judgments or other negative consequences, which could materially adversely
affect our business and results of operations. Additionally, as our business continues to grow and evolve, laws and regulations will be
amended to address the evolution of our business, resulting in new and unpredictable legal and regulatory obligations in emerging markets.
It may be difficult for us to comply with the new laws and regulations that will be developed to address changes in our industry and business,
and we cannot guarantee that we will be able to comply with such new laws and regulations. If our current or future business models are
determined to be noncompliant with the national, regional, and local laws and regulations, we may be required to make costly adjustments
to our business model, which could result in negative consequences, many of which may be outside of our control and impossible to predict. 

In addition to laws and regulations
directly applicable to the peer-to-peer car sharing businesses, we are subject to laws and regulations governing other aspects of our
business practices, including laws and regulations relating to use of the Internet, e-commerce, and electronic devices, as well as those
relating to taxation, online payments, automobile-related liability, payments, consumer privacy and data protection, pricing, content,
advertising, discrimination, consumer protection, protection of intellectual property rights, distribution, messaging, mobile communications,
environmental matters, labour and employment matters