Correct Answer : Option (B) - India
India, which is the fourth(4th) largest automotive market in the world, is set to see a growth of 10% in 2022 on strong underlying demand reflecting the general economic recovery and consumers' preference for personal vehicles over public transportation, the report said. India had seen a 27% growth in 2021.
The research firm has, however, lowered the global vehicle sales forecast on supply chain problems & the invasion of Ukraine. The reduced forecast for global light vehicle sales is mainly the result of Russia's invasion of Ukraine, it said.
Moody’s has revised its forecast for Asia-Pacific from a
4.7% growth seen earlier to
3.4% now, reflecting further temporary Covid-related lockdowns that could constrain supply chains and production in the region..
Source : Economic Times