As urbanization accelerates in India, cities are grappling with escalating vehicle numbers and limited parking spaces, leading to increased congestion and environmental concerns. The Indian parking systems market, valued at approximately INR 3000 Cr in 2023, is projected to reach around INR 7000-10000 Cr by 2030, reflecting a growing demand for efficient stack parking solutions.
Globally, automated stack parking systems have demonstrated significant benefits. In India, adopting such technologies can optimize limited urban spaces, allowing for higher vehicle accommodation without expanding the physical footprint.
The integration of smart technologies—including IoT-based sensors and mobile applications—is revolutionizing stack parking management. These advancements enhance user convenience and contribute to reduced traffic congestion and lower emissions by minimizing the time spent searching for parking spots.
At TEDRA Automotive Solutions, we are committed to bringing these innovations to the Indian market. Our focus is on developing and implementing parking systems that are not only technologically advanced but also tailored to the unique challenges of India’s urban landscapes. By collaborating with urban planners, policymakers, and real estate developers, we aim to create stack parking solutions that are efficient, sustainable, and seamlessly integrated into the fabric of smart cities.
The future of urban mobility in India hinges on our ability to adopt and adapt global best practices in stack parking management.
By investing in smart, automated, and space-efficient stack parking systems, we can alleviate congestion, reduce environmental impact, and enhance the quality of urban life for all residents.
– By Ajay Raina, CEO, TEDRA Automotive Solutions