Page 47 - TT Mag Oct 2023 Digital Edition

SMART MOBILITY CONFERENCE

etting the context of the
session, Akhilesh Srivastava,
World Economic Forum -
Leading Road Safety 2.0 in
India, stated that as per a
Srecent study, in a metro city,
20% of the mobility time is the average
time to search for parking and that
too, very often, without finding a spot
finally.. So, what are the solutions? Can
technology help? Rough estimate by a
traffic institute shows that Municipal
Corporations can generate 27% of With a car being
their revenue from parking which right sold every 10
now is two to three percent. This is seconds on one
the time for technocrats in this field to
work out solutions for this problem. hand, and rapid
urbanization
Siddhartha Saha, Head – GTM, Parked
Vehicle Ecosystem, Bosch India, spoke happening on
about the multiple layers that must the other hand,
be integrated in order for the parking the demand on
problem to be addressed meaningfully
in the country. These layers ranged parking space is
from affordable infrastructure, unimaginable.
supportive policies, progressive parking
rates and even involvement of Private Akhilesh Srivastava
Banks, such as PaytmBank, Axis bank,
into financial modelling. Mr. Saha
went on to describe how BOSCH,
which turned 100 years in 2023, has
expanded its parking solutions to
the open market after first adopting
these process and technology for its
internal consumption. He highlighted
the absolute urgency to ensure that
affordable & efficient technology
is made available through a robust
distribution and marketing platform.

Discovery of technology remains a
challenge as many a time; solutions that

are efficient and cheap go unnoticed
due to gaps in distribution and marketing.
Hence, a platform that has widespread
reach is definitely the need of the hour.

Siddhartha Saha
Bosch India

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