Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 510

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 4
Chunk 510
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 economies of scale.

Relative to India, which
is the location of our headquarters, and the market where we currently have the largest number of bookings, we operate as an asset-light
peer-to-peer carsharing business based on an interpretation of current legal and regulatory requirements. The operation of our business
is informed by a regulatory framework which includes but is not limited to, the India Motor Vehicle Act, 1988 (“MVA”),
which informs how we operate and the ways in which we promote our business. However, there can be no assurance that our interpretation
of relevant Indian laws and regulations, including the MVA, is complete or correct, or that transportation authorities in India will interpret
the MVA or other applicable regulations the same way that we do. In the event that the MVA or other applicable laws and regulations are
interpreted in a manner unfavorable to us, we could become the subject of investigations and could potentially face fines, duties, judgments
or other negative consequences, which could materially adversely affect our business and results of operations. Additionally, as our business
continues to grow and evolve, laws and regulations will be amended to address the evolution of our business, resulting in new and unpredictable
legal and regulatory obligations in emerging markets. It may be difficult for us to comply with the new laws and regulations that will
be developed to address changes in our industry and business, and we cannot guarantee that we will be able to comply with such new laws
and regulations. If our current or future business models are determined to be noncompliant with the national, regional, and local laws
and regulations, we may be required to make costly adjustments to our business model, which could result in negative consequences, many
of which may be outside of our control and impossible to predict. 

In addition to laws and regulations
directly applicable to the peer-to-peer car sharing businesses, we are subject to laws and regulations governing other aspects of our
business practices, including laws and regulations relating to use of the Internet, e-commerce, and electronic devices, as well as those
relating to taxation, online payments, automobile-related liability, payments, consumer privacy and data protection, pricing, content,
advertising, discrimination, consumer protection, protection of intellectual property rights, distribution, messaging, mobile communications,
environmental matters, labor and employment matters, claims management, electronic contracts, communications, Internet access, securities
and public disclosure, corruption and anti-bribery, and unfair commercial practices. In addition, climate change and greater emphasis