Zoomcar Stock Zooms Over 100% On Booking Surge And Website Upgrades: Details

Zoomcar Holdings, Inc. ZCAR shares are surging up over 100% premarket Thursday after it reported a 43% year-on-year increase in November bookings.

The year-over-year growth was driven by strong demand during India’s robust wedding season.

Zoomcar has upgraded its website to deliver a user-friendly booking experience comparable to its mobile app, assuming a similar growth trend as the upcoming holiday season approaches.

This enhancement aims to expand and diversify the company’s booking channels to tap into a wider market opportunity.

Zoomcar has upgraded its website to better serve infrequent travelers, adding sections for offers, curated car lists, guest stories, and city-specific travel options.

The revamped site also boasts a fresh design, updated color scheme, and a streamlined homepage for an improved user experience.

Hiroshi Nishijima, CEO, Zoomcar, said, “At Zoomcar, we are deeply committed to enabling hassle-free travel experiences for our Guests and our focus remains on providing Guests a Zoomcar to drive anytime, anywhere.”

”Our website enhancements are a testament to our dedication to listening to our customers and evolving to meet their needs. We’re proud to see such a strong response for self-drive car sharing and are excited to continue empowering Guests to explore their destinations with freedom and flexibility.”

Last week, Zoomcar launched Zoomcar Cabs pilot in Bengaluru, adding chauffeur-driven options to its self-drive model.

Last month, Zoomcar reported a significant reduction in second-quarter net loss per share, declining to $4.43 per share from $2,568.82 per share in the same quarter of the previous year.

Bookings increased by 7% to 105,160 from 97,970 in the previous quarter, driven by a 1.5x increase in the guest repeat booking rate.

Price Action: ZCAR shares are up 104.9% at $2.93 premarket at the last check Thursday.

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