Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 178

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 178
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 the Government of India
could delay or affect the further liberalization of the Indian economy and materially and adversely affect economic conditions in India,
generally, and our business, in particular. 

Our business could be significantly
influenced by economic policies adopted by the government of India. Since 1991, successive governments have pursued policies of economic
liberalization and financial sector reforms. The government has at various times announced its general intention to continue India’s
current economic and financial liberalization and deregulation policies. However, protests against such policies, which have occurred
in the past, could slow the pace of liberalization and deregulation. The rate of economic liberalization could change, and specific laws
and policies affecting foreign investment, currency exchange rates and other matters affecting investment in India could change as well.
While we expect any new government to continue the liberalization of India’s economic and financial sectors and deregulation policies,
there can be no assurance that such policies will be continued.

106

The government of India has
traditionally exercised and continues to exercise influence over many aspects of the economy. Our business may be affected by interest
rates, changes in policy, taxation, social and civil unrest and other political, economic, or other developments in or affecting India.

A change in the government’s
economic liberalization and deregulation policies could disrupt business and economic conditions in India generally, and specifically
our business and operations, as substantially all of our business and operations are located in India. This could have a material adverse
effect on our business, prospects, financial condition, and results of operations.

We may incur liability for the activities
of Hosts or Guests, which could harm our reputation, increase our operating costs, and adversely affect our business, financial condition,
and operating results. 

We may be found to be subject
to liability for the activities of Hosts and Guests on our platform. For example, we have in the past received, and expect to continue
to receive, complaints from Hosts regarding damage to, or loss, theft, or impounding of, their vehicles and requests for damage reimbursement,
and from Guests regarding quality or serviceability of the vehicles, other safety and security issues, and actual or perceived discrimination
in connection with Hosts declining trips and requests for reimbursement of their trip fees, as well as actual or threatened legal action
against us if no reimbursement or perceived incomplete reimbursement is made. In addition, some of our Hosts may list or have listed vehicles
on our platform in violation of