Used luxury car dealership Boys and Machines on Monday unveiled its growth and expansion plans, which include improving its India-wide presence and achieving revenue of 100 crore rupees by the next fiscal year. The company, which has completed a year of operations, said it also plans to set up workshops in cities where it already has a presence to create a convenient ownership and service experience for customers.
Boys and Machines plans to support its ambitious growth targets by aggressively expanding its presence across India and plans to start operations in three more cities – Ahmedabad, Indore and Chandigarh – in 2022, the company said in a statement. .
It is currently present in Delhi-NCR, Mumbai, Hyderabad and Kolkata. The company exclusively buys and sells luxury cars with its portfolio comprising car models from global brands such as Ferrari, Bentley, Porsche, Mercedes, Audi, Lamborghini and BMW.
Stating that it aims to reach revenue of Rs 60-65 crores by March of next year, the company said it is targeting Rs 100 crore in annual revenue by the end of FY23.
“Starting a business in the midst of a pandemic was intimidating to say the least. But our success so far is a testament to our commitment, dedication and passion to building a used car business that sets a new standard in service and customer experience. “said Siddharth Chaturvedi, Founder and CEO of Boys and Machines.
During the year, the company’s sales included rare supercars like the Lamborghini Huracan Aveo CV Special Edition of which there are only three in India and 15 in Asia, he said, adding that it was by far the biggest ticket of the company, selling for Rs. 2.89 crore. The company has also facilitated the sale of other rare automotive gems such as the Porsche 911 Carrera, Rolls Royce Ghost, Jaguar XKR and Hummer H3, he added.