Company: GGR
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001886190-25-000017
Chunk: 55

Company: Gogoro Inc.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 3
Chunk 55
---
 sensitive data belonging to both employees and customers. Further, the Government of India

Table of Contents

recently enacted the Digital Personal Data Protection Act, 2023 (“ Data Protection Act”), which received President’s assent on August 11, 2023. The Data Protection Act shall come into force on such date as the Central Government may determine, by way of a notification in the Official Gazette. The Data Protection Act, when notified, would require data fiduciaries (persons who alone or in conjunction with other persons determine purpose and means of processing of personal data), such as us, to implement organizational and technical measures to ensure compliance with obligations imposed under the Data Protection Act, protect personal data and impose reasonable security safeguards to prevent breach of personal data and establish mechanism for redressal of grievances of data principals.

Addressing these challenges may require significant financial and operational investments to investigate, remediate, and enhance privacy measures, as well as to fulfill notification obligations resulting from data security incidents. Potential security breaches could lead to disruptions or slowdowns in our systems, granting malicious parties access to sensitive information stored on our networks. This could result in the unauthorized disclosure, alteration, loss, or theft of data, potentially exposing us to legal liabilities and adversely affecting our financial standing.

Changing regulations in India could lead to new compliance requirements that are uncertain.

The evolving regulatory landscape in India, including potential new laws and changes, poses significant challenges for electric vehicle and automotive companies. Compliance with new requirements such as obtaining approvals or licenses from government or regulatory bodies could increase costs, strain resources, and introduce uncertainty into operations. Dealing with uncertainty regarding the applicability, interpretation, or implementation of these legal changes may be time-consuming and costly, potentially impacting the viability of our current business and limiting our future growth opportunities.

Furthermore, the Government of India has introduced the Code on Wages, 2019, the Code on Social Security, 2020, the Occupational Safety, Health and Working Conditions Code, 2020, and the Industrial Relations Code, 2020. Although the effective dates of implementation for these codes have been deferred and will be notified separately, their enforcement could potentially increase our financial obligations with respect to gratuity and provident fund, impacting our profitability. For example, the Code on Social Security aims to standardize social security benefits for employees, while the Code on Wages restricts the exclusion of certain benefits from employee wages. Implementing these laws may raise our employee and labor costs, thus affecting our financial performance, cash flow, and business operations adversely