In his address to the shareholders in the 70th annual report, Mistry said, "Our strategy hinges on leveraging the long-term growth opportunity both in the domestic as well as global market. Our country is forecast to witness multi-fold increase in motorisation and we are strongly investing in product and technologies to meet the demand arising from that and also to make Tata Motors future ready." Tata Motors, which has been on a downward spiral for the past many years, has of late recouped some of the lost grounds with the three recent launches - the sedan Zest, the hatchback Bolt and the souped up Nano - which helped the company report high double digit sales numbers since January. A new executive team and a revamped service back-up have also helped the company turnaround its domestic operations under the HorizoNext strategy, which its late president Karl Slym had launched two years ago.