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Which country has become the 4th largest automotive market?
A)
China
B)
India
C)
Russia
D)
United States

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

Published On : May 18, 2022
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