Pre-Union Budget 2021-22 Expectations On Behalf Of Mr. Jatin Ahuja, Founder & Managing Director, Big Boy Toyz

Nirmala Sitharaman, the honourable Finance Minister of India will present the Union Budget 2021-22 on 1^st February in the Parliament. While the announcement is yet to happen, the economic slowdown has made it mandatory for the auto-sector to call for initiatives to address the drop in the consumer spending for uplifting the demand.

While the rest of the automobile sector was financially and economically impacted due to the coronavirus pandemic, the pre-owned luxury car market grew at an unusual pace. The sales recorded a strong sequential recovery post the lockdown months as the urban demand and people’s sentiments had a positive influence. Tier-2 and -3 cities also came forward as prospective clients as the festival season picked-up. Going forward, we expect to have continuous government support to sustain the recovery that we have made. Increasing the spending capacity of consumers will help us to regain the lost momentum. Also, initiatives to promote the phygital experience (physical + digital) will be appreciated as this is the new normal now. Lower taxes simplified, and GST filing must be the motto of this year’s budget. Companies, OEMs, and individuals are expecting the budget to be long-term friendly rather than focusing on just survival

About Big Boy Toyz & Founder Jatin Ahuja:

The showroom of Big Boy Toyz houses pre-owned luxury, exotic and imported cars for sale in India. With a collection of over 100 rare exotic supercars, every preowned exotic car in the inventory goes through BBT’s highest level of scrutiny, assuring the utmost in quality standards. An overwhelming list of celebrities and cricketers such as Honey Singh, Yuvraj Singh, Rohit Sharma, Dinesh Karthik & Virat Kohli among others also possess a glittery set of four wheels from BBT. The digital platform plays an important role in revenue generation for the brand. BBT has showrooms in Gurgaon, Mumbai and Hyderabad with expansion plans in place for Ahmedabad and Kolkata.

• Big Boy Toyz aims big by selling 500 cars a year
• The company deals with 24 brands, including Ferrari, Bentley, Lamborghini and as many as 150 models, which start from Rs 50 lakhs and go up to Rs 4 crore and are currently clocking a turnover of around Rs250 crore.
• BBT is selling 35 to 40 cars per month with an average price of 1 crore rupees.
• The pre-owned luxury market is projected to reach a market size of USD 75 billion by 2023, thereby recording a CAGR of 15.2% during the forecast period.
• Average turnover of BBT annually 250Cr

Website:  https://www.bigboytoyz.com/

Mr. Jatin Ahuja, has been among the '35 Distinguished Performers of India' by the Entrepreneur Magazine for the year 2017 alongside Virat Kohli, PV Sindhu, Neha Kakkar to name a few, aged below 35 years who possess the skill and acumen to be the renowned game changers of their respective industries.

Being awarded the title of the Business World 40 under 40, Young Retail Professional of India by ET Now, National Gaurav Award and a mention in Forbes further reaffirm his credibility as an industry leader.

Being conferred with the Dada Saheb Phalke Award was truly a winning moment for the gentlemen. Big Boy Toyz has received a wholehearted recognition for being the Most Promising Super Car Dealer by CMO Asia, Singapore.