In Conversation with Mr. Siddharth Chaturvedi, Founder & MD, Boys And Machines Pvt. Ltd

Siddharth Chaturvedi - Founder & CEO - Boys and Machines

Business News This Week (BNTW) Team thanks Mr. Siddharth Chaturvedi, Founder & MD Boys And Machines Pvt. Ltd., (Boys And Machines) for an exclusive interview opportunity. Mr. Siddharth Chaturvedi (SC), discussed various aspects associated with the buying patterns of customers during covid, market trends, Pan India service offerings, prospective expansion proposals, and furthermore with our Chief Editor, Neel Achary.

BNTW: It is a passion-driven business, how visualize your b-plan ahead? 

SC:  As the customers are willing to splurge on aspirational items and spending has increased significantly since Covid. We, at Boys and Machines, intend to leverage this fact and have ambitious growth aspirations by aggressively expanding our footprint across India.

 How customers from other states can check the cars available in the showroom?

SC: We’re dedicated to giving our customers the very best of our services with Pan India reach. We have our entire inventory available on your website which can be accessed by anyone across the country. They can come and check the vehicle in the nearest showroom. In case, the vehicle is not in that city, we transport the vehicle to that city once the booking amount for the vehicle is paid.

BNTW: Apart from Gurugram, how is the response from Kolkata, Mumbai & Hyderabad?   

SC:  

The response has been really good from all the four cities. People have started living in present because of this they have started splurging money on aspirational products.

When it comes to Mumbai, it’s a market that welcomes everything, such as a daily drivable luxury sedan or a high demand for convertibles. The city enjoys good weather to drive sports cars with the top down, and there is a steady ongoing demand for the latest SUV, as Mumbai customers want to enjoy and go for long drives with friends and family to nearby scenic destinations in Maharashtra. 

Kolkata has always been a good market for buying vehicles because the WB RTO offers a 5-year tax policy, which saves a lot of clients’ money on taxes. And this gives them the option to rotate vehicles frequently by paying a short-term tax for 5 years, which allows dealers like us to buy at very competitive prices and offer to our customers with the registration of their choice, which definitely acts as a plus point for customers as they feel comfortable driving their respective state registered vehicles. 

Hyderabad has always been the largest market for all supercars, so yes, it allows us to offer an exotic range of vehicles to the Hyderabad market. 

BNTW: Planning to launch in any other states in India? 

SC: In terms of physical space, we plan to open new showrooms in three more cities which are Ahmedabad, Indore, and Chandigarh in the following months. In addition, the company aims to open workshops in locations where it already has a presence to provide clients with more convenient ownership and service experience. With this, we intend to connect with customers and provide them with an experience rather than just selling cars. 

BNTW: Is there a boom in the luxury used-car segment in India? 

SC: There has been a boom in the used car segment in India. The Indian used car market is expected to reach a size of over 70 lakh vehicles by 2025-26, growing at around 12-14 percent over the next few years. The luxury pre-owned car market is no different. We noticed a spike in demand Pan-India. Within a year from the start, we were able to expand our reach throughout India, opening four stores in Delhi, Mumbai, Kolkata, and Hyderabad. Along with this, we opened our first after-sales service centre in Gurugram. Despite the uncertainty caused by the pandemic, we have been able to clock good sales since the beginning of our operations. It’s been a good start with learnings. We intend to grow our brand and reach new heights. 

BNTW: What is your USP? 

SC: Boys and Machines focuses on providing the highest quality pre-owned luxury cars at the most competitive prices. Our competitive pricing and superior quality provide us with a competitive advantage over our competitors. Aside from that, our continual process development, digitization, and robust physical presence around the country pave the way for an exponential growth curve. We strive to not only meet but also exceed our customers’ expectations. 

BNTW: What are the facilities you are giving to your customers?  

SC: We are entirely committed to providing our customers with the highest quality vehicles at the most competitive prices. We have a dedicated workshop in Gurgaon to address all the requirements. We are not just selling cars, but also helping our clients with a hassle-free ownership experience. For customers who aren’t based out of Delhi, we provide doorstep service to them for hassle-free ownership.  

BNTW: What are the quality checks you follow while purchasing luxury cars from the owner?  

SC: We do the complete due diligence so as to assure quality cars to be bought and sold. Boys And Machines strictly don’t deal with accidental cars as we get the history checked from the authorized dealership. Even if the bumper has been changed, we don’t purchase that car. Moreover, any car offered by Boys and Machines comes with a complete background check which makes sure that there is no litigation case on the car or previous vehicle owner. 

BNTW: Tell us about your passion for cars, how it started? (both Mr.Siddharth & Mr. Akash)

SC: Siddharth has been a bike racer in the past and has raced in JK Tyre superbike competition. He has also undertaken training on Formula 3 cars in Abu Dhabi. Siddharth has been an owner of supercars and exotic cars since quite a few years. At present, he owns India’s fastest Ferrari 488GTB that is capable of producing 900 HP. 

Akash has had a fascination with automobiles since he was a child. His love and enthusiasm for vehicles began with his father, whom he has always looked up to as a car racer and lover of speed. With a growing interest in cars, he engaged himself in automobile-related TV shows, magazines, and movies. Watching drag race or fancy cars being ripped on the streets was a treat to the eyes. Nothing excites him more than a long drive. After discovering his enthusiasm for cars, he joined a highly experienced sales team and worked for 4.5 years as Head Tech Sales-India at one of India’s largest luxury car dealerships, dealing in the sales and purchase of exotic luxury cars. 

BNTW: Your message to our readers, if they wish to purchase cars from you?

SC: I want our customers to have faith in us. We are entirely committed to providing them with the highest quality vehicles at the most competitive prices. We are not only here to sell them cars, but also to provide them with a once-in-a-lifetime experience. We’re on a mission to build long-term relationships with our customers and partner with them by combining high reliability and ethical ideals with excellent service and satisfaction.

Mr. Siddharth Chaturvedi, Founder, Boys And Machines, is an ex-racer who is passionate about supercars and the automobile industry. His interest in the area forced him to quit his regular job and focus on extensive research in the automobile sector which led to the initiation of Boys And Machines.

BOYS AND MACHINES established in the year 2020 is dedicated to offering best-in-class services in pre-owned luxury cars with Pan India reach, focusing on delivering quality cars at the best market price. The company through the specialized team is involved in offering a comprehensive range of services spanning from sale/purchase/after sale/yearly maintenance/insurance renewal, financing facility and many more.

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