Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 72

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 72
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 uncertainty resulting from unique local laws or a lack of clear precedent of 
 applicable law;                                                                                                                       |

| ● | dependency on third-party suppliers                                                                                                       
 for the provision of essential business products/services including but not limited to IoT devices and software integrations in different 
 jurisdictions.                                                                                                                            |

| ● | fluctuations in currency exchange 
 rates;                            |

| ● | higher levels of credit risk and 
 payment fraud;                   |

| ● | potentially adverse tax consequences,                                                                           
 including the complexities of foreign value added tax systems and restrictions on the repatriation of earnings; |

36

| ● | increased financial accounting and                                                                                                            
 reporting burdens, in addition to complexities and difficulties relating to the implementation and maintenance of adequate internal controls; |

| ● | difficulties in implementing and                                                                                         
 maintaining the financial systems and processes needed to enable compliance across multiple offerings and jurisdictions; |

| ● | public health concerns or emergencies,                                                                                                  
 such as pandemic and other highly communicable diseases or viruses, outbreaks of which have from time to time occurred in various parts 
 of the world in which we operate;                                                                                                       |

| ● | managing operations in markets in                               
 which cash transactions are favored over credit or debit cards; |

| ● | political, social, and economic 
 instability abroad;             |

| ● | terrorist attacks, including data 
 breaches and security concerns;   |

| ● | breakdowns in infrastructure, utilities, 
 and other services;                      |

| ● | exposure to a business culture in                   
 which improper business practices may be prevalent; |

| ● | compliance with various anti-bribery 
 laws; and                            |

| ● | reduced or varied protection of                 
 intellectual property rights in some countries. |

While we believe that the present regulatory environment in our target markets is generally favorable, this could and may change over time. If the regulatory environment in our target markets becomes more unfavorable for car sharing businesses, this could have a negative impact on our operations in these markets and could adversely impact our ability to achieve sustainable profitability in these markets. Political changes in 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