Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1426

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 4
Chunk 1426
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Technology and development
expenses totaled $2.97 million during the year ended March 31,2025, as compared to $4.35 million during the year ended March 31,2024,
a decrease of $1.38 million, or 32%. This decrease was driven by employee benefit costs reductions of $1.04 million (including $0.16
million of additional ESOP charges during the year ended March 31,2024 vs $ 0.01 million during the year ended March 31,2025), and a
further reduction of $0.34 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 Years Ended March 31, 

    2025  
    2024  
    Change  
    Change % 
  
    Sales and marketing 
     1,466,047  
     5,767,036  
     (4,300,989) 
     -75%

Sales and marketing expense totaled $1.47 million during the year ended
March 31,2025, as compared to $5.77 million during the during the year ended March 31,2024, a decrease of $4.30 million, or 75%, primarily
driven by $3.64 million reduction in marketing expenses, Personnel-related costs decreased by $0.40 million due to reductions in headcount.
Further there was a reduction of $0.26 million in Host incentives (this reflects the portion of the host incentives accounted for as sales
and marketing expense during the year ended March 31,2025.

70

General and Administrative

    For the Years Ended March 31, 

    2025  
    2024  
    Change  
    Change % 
  
    General and administrative 
     9,778,371  
     17,245,096  
     (7,466,725) 
     -43%

General and administrative expenses were $9.78 million during the year
ended March 31, 2025, as compared to $17.25 million during the year ended March 31,2024, a reduction of $7.47 million, or 43%. Professional
fees reduced by $5.65 million driven by elimination of SPAC related expenses during the year ended