New Delhi, Aug. 19 -- Bus and truck maker Ashok Leyland says it doesn't need overseas acquisitions to establish itself globally, as the Chennai-based company concentrates on building India as its manufacturing hub for international markets.

According to Dheeraj Hinduja, chairman of the country's third-largest commercial vehicle maker, the company is not looking for acquisitions for the sake of acquiring companies, as it continues to await right opportunities in growing markets, amid announcements of mega deals by rivals Tata Motors Ltd and Mahindra and Mahindra Ltd.

Hinduja said that Leyland is currently focused on high-growth markets like India, Asean and West Asia.

"Europe for a long time has been quite depressed. From our perspectiv...