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Market for pre-owned foreign luxury cars growing in India



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New Delhi, May 28:  The demand for fancy foreign luxury cars is witnessing a steep rise, with buyers, including from faraway northeast, picking up Lamborghinis, Maseratis and Range Rovers that cost up to Rs 1.5 crore apiece — but all pre-owned, a polite term for second-hand.

Big Boy Toyz, based in Gurugram, Haryana, is one firm that specialises in selling pre-owned foreign luxury cars in India.

It is perhaps the only one of its kind in the country that panders to the Indian buyers’ whim of owning a branded luxury car, but who are unable to cough up the price of a new one.

Jatin Ahuja, Founder and Managing Director of Big Boy Toyz, or BBT as it is often called, hit upon the idea of selling pre-owned foreign brands in 2009, when he found that Indians preferred exchanging their used foreign car for a new one.

He started off initially in 2007 as Magus Cars Ltd, which would import new cars. But Ahuja found that most buyers wanted to exchange their used cars for new ones, which led to a range of used cars in his possession and he ended up with losses.


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This led to the launch of Big Boy Toyz — and the focus on pre-owned exotic cars.

Ahuja, who focuses on pre-owned cars that cost between Rs 50 lakh and Rs 1.5 crore and manages to sell at least one car a day, owns a showroom in Gurugram and a car studio in Sultanpur, New Delhi.

“I would like to focus more on cars in the bracket of Rs 50 lakh to Rs 1.5 crore rather than the Rs 1.5 crore to Rs 3 crore segment (the super-luxury segment). The volume of business in the first bracket is more than that in the Rs 1.5 crore-plus segment,” Ahuja told IANS in an interaction in his Gurugram showroom.

“I would like to do at least 75 per cent of my business in the Rs 50 lakh to Rs 1.5 crore segment,” he added.

Big Boy Toyz gets orders for its exotic cars through its online portal, . Ahuja says 30 per cent of his business — of buying and selling second-hand exotic cars — comes from Haryana, and the rest from across the country.

The company has a collection of 120 cars in both the showrooms — ranging from BMWs, Mercedes, Porsches, to Land Rovers.

His company has already carved a niche for itself, and Bollywood stars are among his clientele.

The company aims for a sales target of Rs 1,000 crore by 2020. “At the rate at which our business is growing, I find the target of Rs 1,000 crore by 2020 absolutely achievable,” said Ahuja.

The company plans to open showrooms in other cities like Bengaluru, Chennai and Hyderabad, with demand pouring in from such cities, said Ahuja.

In 2016, Big Boy Toyz recorded an annual growth of 40 per cent with a turnover of Rs 195 crore, and aims to achieve a turnover of Rs 250-260 crore this fiscal year, he said.

Every pre-owned car goes through 151 check points and parameters — like age of the car, kilometres done, demand for the car and its supply, maintenance — before BBT buys them.

The demonetisation move hit sales a bit, but things have since stabilised, says Ahuja.

“The November and December sales were a bit unstable due to demonetisation, but it picked up from January onwards,” he said, adding that it was due to the well-heeled clientele that he caters to.

Ahuja feels that the Indian automotive industry has evolved a lot over the past decade and has huge scope.

“The design of Indian cars is much better, but there is still room for improvement in terms of reliability,” he said, adding that through Big Boy Toyz he is attempting to change the negative perception among Indians of buying pre-owned cars.


By Sakshi Srivastava

(Sakshi Srivastava can be reached at [email protected])


Audi India to hike vehicle prices




Mumbai, March 16: Luxury car manufacturer Audi India on Friday announced a price hike of up to 4 per cent across its entire model range, effective from April 1.

According to the luxury car manufacturer, prices will be increased due to a hike in customs duty announced in the Union Budget 2018-19 and will range from Rs 100,000 to Rs 900,000.

“The increase in custom duty and introduction of Social Welfare Surcharge in lieu of an Education cess (which is higher than the erstwhile Cess) in the Union Budget made the increase in price inevitable,” said Rahil Ansari, Head, Audi India.

“We have tried to absorb the impact of the increase in Customs duty and have minimized the price hike for our customers.”


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Driving licence issuing process to become fully computerised: Gadkari

Skill Development Minister Dharmendra Pradhan said drivers’ training can save up to Rs 10,000 crore every year.



Driving License

Road Transport and Highways Minister Nitin Gadkari on Wednesday announced that the process of approving driving licences will soon be made fully computerised and there will be no human interface in granting such licences to heavy vehicle drivers in the country.

Launching the scheme for District Driving Training Centres, the minister said this will reduce the instances of bogus driving licences and will result in lesser number of accidents on the roads.

Gadkari added that at least one model driving training centre will be set up in each district with a financial assistance of up to Rs 1 crore from his ministry. The agency will invest equal amount of grant under the scheme.

“The scheme is designed with an objective of creating employment and meeting the requirement of heavy and light motor vehicle drivers in the country. It also aims at inculcating the habit of road safety, like behavioural and attitudinal changes among drivers,” a statement said.

It added that training courses will be conducted for drivers who carry dangerous and hazardous goods.

Skill Development Minister Dharmendra Pradhan said drivers’ training can save up to Rs 10,000 crore every year.

During the event, the ministers also launched a mobile app and a toll-free emergency number for highway users.

The key features of the app include provision for the user to enter road quality-related information or to report any accident or pothole on the highway. It also provides users with real-time data related to waiting time expected at toll plazas.

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SRK shows support for Swacch Bharat Abhiyan, unveils portable bin for cars



Shahrukh khan auto expo

New Delhi, Feb 9: Superstar Shah Rukh Khan on Thursday showed support for Prime Minister Narendra Modi’s Swachh Bharat Abhiyan by unveiling ‘Swachh Can’, a portable bin for users of Hyundai cars.

It was launched under Hyundai Motor India Limited’s ‘Swachh Move’ that supports Modi’s cleanliness campaign.

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“‘Swachh Can’ is a simple yet powerful idea and I would like to request every single car owner to go ahead and use it and play their role in the Clean India Movement,” Shah Rukh, dressed in a black and white suit with a waistcoat, said at the Auto Expo at the India Expo Mart in Greater Noida, on Thursday.

Shah Rukh, also the Hyundai Corporate Brand Ambassador, has even taught his youngest son AbRam to focus on cleanliness and be a part of the cleanliness movement.

YK Koo, Managing Director and CEO, Hyundai Motor India Ltd, said: “We recently conducted a survey of car owners and found 98 per cent respondents care about cleanliness of outside infrastructure such as streets, and more than 95 per cent respondents favoured they would prefer a portable covered bin inside the car in which waste items could be disposed off. This led us to innovation of ‘Swachh Can.”

Starting from March 1, the Hyundai product line-up will come with a factory-fitted ‘Swachh Can’.


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