The Hindu : Business : Klaus to produce multi-level parking equipment

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Klaus to produce multi-level parking equipment

Special Correspondent

German firm investing euro one million

— PHOTO: G. R. N. SOMASHEKAR

SPACE SAVER: A view of a Klaus multi-level parking facility at UB Tower in Banglore.

BANGALORE: Klaus Multiparking Systems India, the joint venture between the German company specialising in mechanised car parking, and the Pune-based Automag Group, is likely to start making multi-level parking equipment soon in India.

The 50:50 joint venture had Klaus investing euro one million in equity and technology. Automag also supplies components to automakers such as Maruti, Hyundai and Toyota.

Klaus’s Managing Director Gunther Seiderer told reporters here on Thursday that “India’s explosive growth in cars, estimated to exceed 8 million in ten years, needs alternative parking strategies.”

With mechanised lifts facilitating parking of cars in two or three levels, easy entrance and exit, it needed only 20 sq. m. to park a vehicle compared to 35 sq. m. in conventional parking, Klaus India Managing Director Nitin Bhave said.

Klaus was setting up mechanised parking facilities in Bangalore, Mumbai, Delhi, Pune, Jaipur and Nagpur, he said.

M. R. Sridhar, Vice-President, Marketing, said, a multi-level parking facility to accommodate up to 400 cars had just been commissioned in UB City, Bangalore. Klaus India was projected to end 2008-09 with revenues of Rs. 41.20 crore.

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