Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 129

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 129
---
 and Guest
directly. Due to discontinuation of operations in Egypt, Indonesia and Vietnam there was a savings of $0.22 million during the year ended
in March 31, 2025 as compared to the year ended March 31, 2024, under other expenses.

We further achieved savings
of $0.32 million for software support and maintenance charges due to optimization of cloud cost and google maps services which were comparatively
higher during the year ending March 31 2024, owing to the higher spending on brand marketing which brought more customers on the platform,
increased searches without any material impact on booking. Further, there were cost savings of $0.49 million on account of depreciation
on tracking devices during the year ended March 31,2025, as compared to year ended March 31, 2024, since these devices were completely
depreciated in the previous Fiscal year ending March 31, 2024.

Technology and Development

    For the Years Ended March 31, 

    2025  
    2024  
    Change  
    Change % 
  
    Technology and development 
     2,965,631  
     4,345,748  
     (1,380,117) 
     -32%

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