New Delhi, June 26 -- Investors looking for a turnaround in Tata Motors Passenger Vehicles (PV) will need to look beyond the next couple of years.

At its investor meeting this week, the company laid out an ambitious five-year roadmap: six new model launches, more than 20 facelifts and refreshes, and a target to grow domestic volumes at a 15% compound annual rate between FY26 and FY31-more than double the industry's expected 6-7% growth. If achieved, the plan would lift its domestic market share by about five percentage points to 20%. The company delivered a 15% year-on-year increase in FY26 sales volume, compared with industry growth of 8%.

Tata Motors expects structural demand drivers to support that growth, with rising incomes expandi...