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Which country has the world’s largest auto industry? 
  • a)
    Japan
  • b)
    India
  • c)
    Srilanka
  • d)
    Russia
  • e)
    China
Correct answer is option 'E'. Can you explain this answer?
Verified Answer
Which country has the world’s largest auto industry?a)Japanb)Ind...
Answer – 5. China
Explanation

Electric car maker Tesla has set up its first electric car manufacturing plant outside the US at Shangai in China. China has the world’s largest auto industry. China charges a tariff of 25 percent on imported cars when compared with 2.5 percent in the United States and 9.8 percent in the European Union. China also has a 17 percent VAT that is charged not only on the price of the car but also on the tariff, so that the taxes are effectively compounded.
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Which country has the world’s largest auto industry?a)Japanb)Indiac)Srilankad)Russiae)ChinaCorrect answer is option 'E'. Can you explain this answer?
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