Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 458

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 458
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 30, 2024, was $4.60
million and $4.49 million, respectively, representing a marginal increase of $0.11 million, or 2%.

Costs
and Expenses

Cost of
Revenue 

    For
    the Three Months 
    Ended Sep 30,  
    For
    the Six Months 
    Ended Sep 30, 

    2025  
    2024  
    Change  
    %
    Change  
    2025  
    2024  
    Change  
    %
    Change 
  
    Cost of revenue 
     1,197,289  
     1,213,422  
     (16,133) 
     -1% 
     2,510,976  
     2,725,711  
     (214,735) 
     -8%

Cost
of revenue was $1.20 million during the three months ended on September 30, 2025, as compared to $1.21 million during the three months
ended on September 30, 2024, a decrease of $0.02 million, or 1%.

Cost of revenue was $2.51
million during the six months ended on September 30, 2025, as compared to $2.73 million during the six months ended on September 30, 2024,
a decrease of $0.21 million, or 8%. This decrease was driven by overall Company-wide efforts to drive greater operational efficiency.
Key drivers of the cost savings include $0.15 million reduction in personnel costs (driven by headcount reductions in India, and discontinuation
of operations in Vietnam, Egypt and Indonesia), there were cost savings of $0.10 million on account of depreciation on tracking devices
during the six months ended September 30, 2025, as compared to the six months ended September 30, 2024, since majority of the devices
were completely depreciated in the previous Fiscal year ending March 31, 2025.

58

Technology and Development

    For the Three Months 
Ended Sep 30,

    For the Six Months 
Ended Sep 30,

    2025

    2024

    Change

    %
Change

    2025

    2024

    Change

    %
Change

    Technology and development

    730,090