DEPOSITS AND ADVANCES

12 Months Ended

Mar. 31, 2024

Deposits And Advances

DEPOSITS AND ADVANCES

NOTE 4 – DEPOSITS AND ADVANCES

	As of March 31, 2024 ($)		As of March 31, 2023 ($)
Prepaid expense and other current assets		535,021		52,258
Advance to Suppliers		383,703		236,584
Advance to employees		-		-
Total		918,724		288,842

Prepaid and other current assets include approximately $ 306 thousand (March 31, 2023: $ 2 thousand) prepaid insurance for Fiscal Year 2024. The Advances to suppliers primarily relate to advances to suppliers of component suppliers in the Vehicle manufacturing segment and also towards supply of capital equipment.