Toyota Motor Corporation is the premium vehicle manufacturer in the world. Based in Japan, the company manufactured its first vehicle in 1936. Toyota exported its first Japanese-made passenger car to the United States in 1957. Today Toyota has global presence and Toyota branded vehicles rank among the world's highest quality cars. In India Toyota Motor Corporation has entered into a joint venture with Kirloskar Group and the new entity is called Toyota Kirloskar Motor Private Limited (TKM). The company aims to play a major role in the development of Indian automotive industry.