Klaus Multiparking
Systems India, 50:50 JV between Germany based Klaus, the mechanised car parking
company and Pune based Automag Group, is setting up a facility for manufacturing
entire multi-parking systems.
The facility will be
located at Shirwal, near Pune and will be operational by end-January 2009. The
JV is investing Euro 1 million in the project and is looking at manufacturing of
about 5,000 units initially.
Currently, 15 car
parking projects of the company are under execution which include a fully
automatic parking system in Bandra-Kurla complex and a mechanised parking system
in Bangalore with approx 1,400-car parking space.