Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 68

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 68
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78%

Sales and marketing expense
totaled $0.18 million during the three months ended on June 30, 2025, as compared to $0.80 million during the three months ended on June
30, 2024, a decrease of $0.63 million, or 78%, primarily driven by $0.47 million reduction in performance marketing expenses, Personnel-related
costs decreased by $0.10 million due to reductions in headcount and $0.05 million reduction in brand marketing.

49

General and Administrative 

    For the Three Months Ended
 June 30, 

    2025  
    2024  
    Change  
    Change % 
  
    General and administrative 
    $1,874,195  
    $2,398,912  
    $(524,717) 
     -22%

General and administrative
expenses were $1.87 million during the three months ended on June 30, 2025, as compared to $2.40 million during the three months ended
on June 30, 2024, a reduction of $0.52 million, or 22%. personnel-related costs decreased by $0.36 million due to reductions in headcount,
Host receivables write off is $0.02 million during the three months ended June 30, 2025, as compared to $0.12 million during the three
months ended June 30 2024, as it was in June 24 that the host receivables were written off for the first time and rent costs pertains
to rental towards parking site where Assets held for sale was parked has been decreased to the tune of $0.05 million due to sale of Assets
held for sale.

Finance Costs 

    For the Three Months Ended June 30, 

    2025  
    2024  
    Change  
    Change % 
  
    Finance costs 
    $297,551  
    $551,003  
    $(253,452) 
     -46%

Finance costs were $0.30
million during the three months ended on June 30, 2025, as compared to $0.55 million during the three months ended on June 30, 2024, a
reduction of $0.25 million, or 46%. There were Non-cash expenses related to change in Interest on redeemable promissory notes amount