In top gear

Automobile manufacturers are a happy lot these days. Passenger cars saw sales jump 21 per cent, according to a release by the Society of Indian Automobile Manufacturers (SIAM), marking the 12th consecutive monthly improvement in vehicle sales. The industry's aggregate EBITDA growth was the highest among major industries. Light commercial vehicles and scooters saw momentum pick up, while medium and heavy commercial vehicles trailed. Motor cycles and tractors saw subdued performance, especially in rural areas, after a weak monsoon. Maruti Suzuki India Whizzing ahead It's not a surprise then that the country's largest passenger vehicle manufacturer enjoys the resurgence in auto sales. Maruti reported EBITDA growth of 39 per cent in the last 12 months, which is fantastic, considering th