New Delhi, May 23 -- Ashok Leyland Ltd, the Hinduja Group flagship company that makes trucks and buses, will look to enter new markets with new products this financial year, and possibly at acquisitions as well, after ending 2024-25 with surplus cash.

India's third-largest manufacturer of commercial vehicles ended FY25 with net cash of Rs.4,242 crore, with Rs.3,284 crore of it generated in the fourth quarter. It had ended FY24 with net debt of Rs.89 crore.

While the company will explore acquisitions and new markets, it plans to maintain its capital expenditure at about Rs.1,000 crore, similar to that in FY24, Dheeraj Hinduja, executive chairman of Ashok Leyland, told Mint.

"This industry is already quite consolidated. New acquisitions ...