Company: GGR
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001886190-25-000017
Chunk: 54

Company: Gogoro Inc.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 3
Chunk 54
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 ARAI tests the compliance with safety standards of components under Rule 124 of the Central Motor Vehicle Rules, 1989, including, among others, automobile lamps, indicators and signaling/ lighting devices. If we are unable to meet the homologation criteria as laid down by ARAI, EVs manufactured by us will not be considered roadworthy and hence will not be allowed to be launched to the public. Further, in the event that our certification is not renewed within the timelines prescribed, a certified EV having any defects resulting in safety accidents, or any failure to comply with certification requirements is discovered during any follow-up inspections, our certification may be suspended or revoked. Any failure to satisfy any motor vehicle standards would adversely affect our business operations.

We are subject to environmental, health and safety laws and regulations in India that could impose substantial costs upon us.

Our operations in India are subject to a broad spectrum of increasingly stringent environmental, health, and safety regulations. These regulations cover various aspects such as air and water emissions, waste management, hazardous materials handling, workplace safety, and pollution control. Ensuring compliance with these regulations entails significant ongoing capital and operational expenses. Non-compliance could lead to hefty fines, permit suspensions or revocations, production disruptions, legal repercussions, or even plant closures.

In India, our manufacturing plants are subject to laws including, among others, the Water (Prevention and Control of Pollution) Act 1974, the Air (Prevention and Control of Pollution) Act 1981, and the Environment Protection Act 1986, along with regulations such as the Hazardous and Other Wastes (Management and Transboundary Movement) Rules 2016 and the Battery Waste Management Rules 2022. Compliance with the aforementioned laws, including battery disposal regulations, poses additional challenges on our business operations. The Battery Waste Management Rules 2022, in particular, mandate extended producer responsibility for EV batteries, necessitating arrangements for recycling or refurbishing.

Any breaches in data security, failure of information security systems or privacy concerns in India can adversely impact our financial condition or subject us to penalties, damage our reputation, and harm our business operations and cash flows.

Our business operations are subject to compliance with the Information Technology Act, 2000 (“ IT Act”) in India and the rules notified thereunder, including the Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules, 2011 (“ Privacy Rules”) with respect to information security and privacy, particularly regarding the handling, disclosure and transfer of personal and