Zoomcar's Strategic Shifts Drive Narrowed Losses and Booking Growth

Bengaluru-based Zoomcar has reported a reduction in net losses for the fiscal year ending March 31, 2025, with losses decreasing to USD 25.62 million from USD 34.27 million the previous year.

The company attributed this improvement to enhanced operational efficiencies, a substantial cut in marketing spend by 75%, and reductions in general and administrative expenses by 43%, as well as technology-related expenses by 32%.

Zoomcar saw a 10% increase in bookings, despite a 7.9% decline in net revenue, showcasing a successful strategy in a challenging market environment. The company also highlighted a record contribution profit of USD 4.25 million, a significant turnaround from the previous fiscal year's loss.

(With inputs from agencies.)