Tata Motors Passenger Vehicles Ltd plans to invest up to ₹40,000 crore over the next five years as it seeks to nearly double annual sales to more than 1.2 million units and lift domestic revenue to ₹1.4 lakh crore by FY31, up from ₹58,500 crore in FY26. The company is betting on rising demand for SUVs, electric vehicles and premium cars to drive its next phase of growth.Presenting the roadmap at the company’s Investor Day on Tuesday, Managing Director and CEO Shailesh Chandra said the investment will fund six new nameplates, more than 20 product refreshes, expanded EV offerings, manufacturing capacity additions and a larger retail network. The company is targeting a 20 per cent share of the domestic passenger vehicle market by FY31.Tata Motors expects India’s passenger vehicle market to grow from about 4.7 million units to 6.4 million units by FY31, with SUVs accounting for more than 60 per cent of sales and EVs and CNG vehicles together exceeding 45 per cent of volumes.Funding the Next Growth PhaseThe investment programme comes after a record FY26 in which Tata Motors sold more than 640,000 passenger vehicles and ended the fiscal year with a net cash position of ₹6,700 crore.“Going forward, our aspirations remain strong. We are building towards sustained growth momentum and 20 per cent market share over the next phase of growth,” Chandra said.