Headed by Akio Toyoda, the company from the past three consecutive years is world's most selling brand, but when it comes to revenue, its second and behind the VW Group. Last year in 2014, the company generated a revenue of 215,298 million US dollars. The automaker has sold more than 40 million Corolla sedan in a span of 50 years. In 2014, Toyota retailed 10.23 million vehicles beating its closest rivals Volkswagen and General Motors. Headquartered at Aichi, Japan, the Toyota Motor Corporation (TMC) produces vehicles under 5 brands viz. Toyota, Hino, Lexus, Ranz and Scion. In India, the company manufactures and retails its product through Toyota Kirloskar Motor Private Limited, a joint venture with Kirloskar Group who owns 11% while 89 % is owned by the TMC.