Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1620

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 5
Chunk 1620
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754) 
     -49%

Cost of revenue was $5.30 million during
the year ended March 31, 2025, as compared to $10.33 million during the year ended March 31, 2024, a decrease of $5.03 million, or 49%.
This decrease was driven by overall Company-wide efforts to drive greater operational efficiency. Key drivers of the cost savings include
$1.93 million reduction of repair and maintenance cost by optimizing the network of third-party vehicle garages, entering into new pricing
contracts with these garages and reducing the accident rate by strengthening the Guest verification process, $1.36 million reduction
in personnel costs (driven by headcount reductions in India, and discontinuation of operations in Vietnam, Egypt and Indonesia during
the year ending March 31, 2025), a decrease of $0.16 million of uncollected customer charges which were paid to the Host by the Company
as part of its business customary practice, a decrease of $0.18 million of Toll charges as the Toll is now settled between Host and Guest
directly. Due to discontinuation of operations in Egypt, Indonesia and Vietnam there was a savings of $0.22 million during the year ended
in March 31, 2025 as compared to the year ended March 31, 2024, under other expenses.

We further achieved savings
of $0.32 million for software support and maintenance charges due to optimization of cloud cost and google maps services which were comparatively
higher during the year ending March 31 2024, owing to the higher spending on brand marketing which brought more customers on the platform,
increased searches without any material impact on booking. Further, there were cost savings of $0.49 million on account of depreciation
on tracking devices during the year ended March 31,2025, as compared to year ended March 31, 2024, since these devices were completely
depreciated in the previous Fiscal year ending March 31, 2024.

Technology and Development

    For the Years Ended March 31, 

    2025  
    2024  
    Change  
    Change % 
  
    Technology and development 
     2,965,631  
     4,345,748  
     (1,380,117) 
     -32%

Technology and development
expenses totaled $2.97 million during the year ended March