“Parking” is a Multi Million Business..still unregulated as “ PARKING AT OWNERS RISK”

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“Parking” is gradually turning in to a  Multi Million  Business. But it is unregulated and their Operators are  fleecing customers in the name of Safe Vehicle Parking  charging as per their whims  and showing the customers a fine line print “ PARKING AT OWNERS RISK” if the Vehicle is damaged or Stolen.

 Domestic motor vehicle sales in 2016-17  was 21.86 Million which included 3.05 m passenger cars, 0.71 m commercial vehicles, 0.51 m three wheelers and 17.59 two-wheelers.

With so many Vehicles being added  every year, there is a need to regulate “ PARKING “ providers and make them accountable. Instead of  “ PARKING AT OWNERS RISK” it should become “ PARKING AT PARKING PROVIDERS RISK” and make them accountable for Vehicle Safety.

If there are appx 22 crore vehicles on road and even if 10 % of them use PARKING facility every day spending an average of Rs 20/day generates a PARKING business  of Rs 160 000 000 000 per year.

 So I am petitioning the Government of India  to wake up to these Facts and regulate and control  “ PARKING SERVICE PROVIDERS”  so that they charge nominally  and not as per their whims ..and are fully responsible for safety and security of Vehicles  parked with them.



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