Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 319

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 319
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D CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)</div>

| 10 | Assets        
 held for sale |

The components of assets held for sale were as follows:

|                       | (In   
 USD)  
 As at |   | December 31, 
         2024 |     |   |   March 
     31, 
    2024 |
|:----------------------|:------|:--|-------------:|:----|:--|--------:|
| Vehicles              |       | $ |      527,784 |     | $ | 629,908 |
| Total assets held for 
 sale                  |       | $ |      527,784 |     | $ | 629,908 |

Vehicles represent the vehicles held for sale in the Indian subsidiary, Zoomcar India Private Limited. The gain or loss on sale of these assets is included in Loss/(Gain) on sale of assets held for sale under Other (income)/expense of Condensed Consolidated Statements of Operations. During the three months and nine months ended December 31, 2024, total profit of $5,011 and $7,861 was recorded on sale of vehicles held for sale respectively (total loss of $9,940 and $11,325 for the three months and nine months ended December 31, 2023 respectively).

During the three and nine months ended December 31, 2024, the Company has recorded the impairment amount of $251,590 and $251,590, respectively. During the three and nine months ended December 31, 2023, the Company has recorded the impairment amount of $165,216 and $165,216, respectively. The impairment amount is included in ‘Impairment on assets held for sale’ under Other (income)/expense of Condensed Consolidated Statements of Operations.

| 11 | Property           
 and equipment, net |

The components of property and equipment were as follows:

|                                | (In   
 USD)  
 As at |              | Estimated   
 useful life |   |   December 
        31, 
       2024 |   |     |   |      March 
        31, 
       2024 |   |
|:-------------------------------|:------|:-------------|:------------|:--|-----------:|:--|:----|:--|-----------:|:--|
| Devices                        |       | 3 - 5 years  |             | $ |  3,107