Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 82

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 82
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    For the Three Months 
Ended Sep 30,

    For the Six Months 
Ended Sep 30,

    2025

    2024

    Change

    %
Change

    2025

    2024

    Change

    %
Change

    Technology and development

    730,090

    734,920

    (4,830
    )

    -1
    %

    1,439,421

    1,636,701

    (197,280
    )

    -12
    %

Technology and development
expenses totaled $0.73 million during the three months ended on September 30, 2025 and during the three months ended on September 30,
2024 as well.

Technology and development
expenses totaled $1.44 million during the six months ended on September 30, 2025, as compared to $1.64 million during the six months ended
on September 30, 2024 a decrease of $0.20 million, or 12%. This decrease was driven by employee benefit costs reductions of $0.14 million,
and a further reduction of $0.06 million in IT platforms support costs as the Company continues to optimize usage of cloud-based IT services
while enabling more in-app features for Guests and Hosts

Sales and Marketing

    For
    the Three Months 
    Ended Sep 30,  
    For
    the Six Months 
    Ended Sep 30, 

    2025  
    2024  
    Change  
    %
    Change  
    2025  
    2024  
    Change  
    %
    Change 
  
    Sales and
    marketing 
     188,560  
     214,770  
     (26,210) 
     -12% 
     365,523  
     1,017,341  
     (651,818) 
     -64%

Sales and marketing expense
totaled $0.19 million during the three months ended on September 30, 2025, as compared to $0.21 million during the three months ended
on September 30, 2024, a decrease of $0.03 million, or 12%, primarily driven by personnel-related costs decreased by $0.04 million due
to reductions in headcount.

Sales and marketing expense
totaled $0.37 million