Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 142

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 142
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015,692 |

Borrowings The contractual commitment amounts in the table below are associated with agreements that are enforceable and legally binding. Obligations under contracts that we can cancel without a material penalty are not included in the table above.

| As at                                            |     | December 31, 
 2024         |           |
|:-------------------------------------------------|:----|:-------------|----------:|
| Current                                          |     |              |           |
| - from NBFCs                                     |     |              |           |
| - Mahindra & Mahindra Financial Services Limited |     | $            |   538,695 |
| - TATA Motors Finance Limited                    |     |              | 1,921,963 |
| - Kotak Mahindra Financial Services Limited      |     |              |   342,417 |
| - Orix Leasing and Financial Services India LTD  |     |              |    83,327 |
| - Clix Finance India Private Limited             |     |              |    86,790 |
|                                                  |     | $            | 2,973,192 |

Contingencies The Company is subject to legal proceedings and claims that arise in the ordinary course of business. The Company accrues for losses associated with legal claims when such losses are probable and can be reasonably estimated. These accruals are adjusted as additional information becomes available or circumstances change.

| (A) | Claims filed by customers and                                                                                                                     
 third-parties not acknowledged as liability amounted to $4,075,587 and $4,565,949 as at December 31, 2024 and March 31, 2024, respectively.       
 The claims made by the customers against the Company includes claims that have been made for amounts charged to customers by the Company          
 as damages for improper use of vehicles and/or physical damages made to vehicles during an active trip ; or claims made by customers              
 for unavailability of the booked vehicle or for any mechanical default in the booked vehicle ; or claims against any similar issue faced          
 by either the host or the customer. Under the erstwhile business model of the Company , the Company had procured third-party insurance            
 policies for fleet under its management which indemnifies against personal death and/or injuries suffered either by the customer or third-parties 
 during the use of its vehicles. Based on the insurance coverage, the Company is confident that liability, if any, arising from the claims         
 under the previous business model will be covered by the insurance. Further, under the