Zoomcar Holdings Plunges 10.69% Amid Vouchers Launch

On April 9, 2025, Zoomcar Holdings experienced a significant drop of 10.69% in pre-market trading, indicating a notable shift in investor sentiment towards the company.

Zoomcar Holdings recently launched Zoomcar Vouchers, allowing users to prepay for future trips on the app. This initiative aims to enhance user convenience and encourage repeat bookings, which could positively impact the company's revenue streams in the long run.

In the third quarter, Zoomcar Holdings reported a net income of -$7.92 million. This financial performance reflects the company's ongoing efforts to manage expenses and improve profitability, despite the challenges faced in the market.

Additionally, Zoomcar Holdings has a short interest of 27,900 shares, representing 1.38% of the float. This relatively low short interest suggests that there is limited bearish sentiment among investors, which could contribute to price stability and potential upside in the stock.