Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 87

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 87
---
ulation policies. However, protests against such policies, which have occurred
in the past, could slow the pace of liberalization and deregulation. The rate of economic liberalization could change, and specific laws
and policies affecting foreign investment, currency exchange rates and other matters affecting investment in India could change as well.
While we expect any new government to continue the liberalization of India’s economic and financial sectors and deregulation policies,
there can be no assurance that such policies will be continued.

The government of India
has traditionally exercised and continues to exercise influence over many aspects of the economy. Our business may be affected by interest
rates, changes in policy, taxation, social and civil unrest and other political, economic or other developments in or affecting India.

A change in the government’s
economic liberalization and deregulation policies could disrupt business and economic conditions in India generally, and specifically
our business and operations, as substantially all of our business and operations are located in India. This could have a material adverse
effect on our business, prospects, financial condition and results of operations.

We may incur liability for the activities
of Hosts or Guests, which could harm our reputation, increase our operating costs, and adversely affect our business, financial condition
and operating results. 

We may be found to be subject
to liability for the activities of Hosts and Guests on our platform. For example, we have in the past received, and expect to continue
to receive, complaints from Hosts regarding damage to, or loss, theft, or impounding of, their vehicles and requests for damage reimbursement,
and from Guests regarding quality or serviceability of the vehicles, other safety and security issues, and actual or perceived discrimination
in connection with Hosts declining trips and requests for reimbursement of their trip fees, as well as actual or threatened legal action
against us if no reimbursement or perceived incomplete reimbursement is made. In addition, some of our Hosts may list or have listed
vehicles on our platform in violation of their lease or financing agreements or personal automobile insurance policies, or in violation
of applicable legal restrictions on subleasing. Except for the examination of vehicle registration certificates at the time of the Host
onboarding and listing process, we do not screen vehicles for compliance with safety standards or make efforts to determine whether they
are legally registered to be driven on public roads, and it is possible that some vehicle registration certificates may be forged, or
some of our Hosts may list or have listed vehicles on our platform that fail to meet basic safety