Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 264

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 8
Chunk 264
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 Total finance lease liabilities   $4,015,692   $5,738,239                Weighted Average Remaining Lease Term            Operating leases   51 months    58 months   Finance leases   21 months    30 months   Weighted Average Discount Rate            Operating leases   13.00%   13.00%  Finance leases   21.00%   9.00% 

26

ZOOMCAR HOLDINGS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

The Company determines the incremental borrowing rate by
adjusting the benchmark reference rates, with appropriate financing spreads applicable to the respective geographies where the leases
were entered and lease specific adjustments for the effects of collateral.

    December 31, 2024

    March 31, 2024

    Operating Leases

    Finance Leases

    Operating Leases

    Finance Leases

    Maturities of lease liabilities are as follows:

    2025
     
    $
    80,245

    $
    4,817,953 

    $
    392,443

    $
    6,475,668

    2026

    336,564

    73,401

    345,584

    -

    2027

    352,926

     -

    362,385

    -

    2028

    370,106

    -

    380,025

    -

    2029

    388,144

    -

    398,548

    -

    Total Lease Payments
     
    $
    1,527,985

    $
    4,891,354  

    $
    1,878,985

    $
    6,475,668

    Less : Imputed Interest

    367,794

    875,662

    503,762

    737,429

    Total Lease Liabilities
     
    $
    1,160,191

    $
    4,015,692

    $
    1,375,223

    $
    5,738,239

During the period ended December 31, 2024, the Company entered into
re-structuring agreements