Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 345

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1A
Chunk 345
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 and reputation would be further damaged, and our business may suffer.

The impact of adverse or changing economic
conditions, including the resulting effects on consumer spending or mobility patterns, may adversely affect our business, financial condition,
and results of operations. 

Our business depends on
the overall demand for vehicle bookings. Any significant weakening of the economy in our operating jurisdictions or of the global economy,
including the current macroeconomic downturn, more limited availability of credit, economic uncertainty, inflation, financial turmoil
affecting the banking system or financial markets, increased unemployment rates, restrictions and reduction in domestic or international
travel, fluctuations in the price or availability of gasoline, and other adverse economic or market conditions may adversely impact our
business and operating results. Global economic and political events or uncertainty may cause some of our current or potential Hosts
and Guests to curtail their use of our platform. In addition, travel has been disproportionately impacted by a macroeconomic downturn.
In response to such downturns, Hosts and Guests may not use or spend on our platform at rates we expect, thus further reducing demand
for vehicle bookings. These adverse conditions, have in the past resulted, and could in the future result, in reductions in consumer
spending, slower adoption of new technologies, and increased competition. We cannot predict the timing, strength, or duration of any
economic slowdown, including the current macroeconomic downturn, or any subsequent recovery generally. In addition, increases in inflation
may cause Guests to decrease travel or choose alternative or lower cost methods of transportation versus utilizing our platform. If the
conditions in the general economy significantly deviate from present levels and continue to deteriorate as a result of any such macroeconomic
downturns, our business, financial condition, and results of operations could be adversely affected.

37

Increases in, labor, energy, and other
costs could adversely affect our operating results. 

Factors such as inflation,
increased labor and employee benefit costs, and increased technology upgrade and update costs, as well as other inflationary pressure,
may increase our operating costs. Many of the factors affecting such costs are beyond our control cause these increased costs may cause
us to pass costs on to Hosts and Guests by increasing certain fees paid by them to us, which may cause booking volume to decline which
would harm our business and operating results. 

Our operations have grown substantially
since our inception, and we expect that they will continue to do so, subject to our financial condition. If we are unable to effectively