Corolla is a very popular and an established model of Toyota Corporation. The model was introduced in 1966 for the first time. Since then it has been winning the hearts of many people. In 1997, the Corolla became the best selling nameplate in the world. According to the data of 2007, the number of sold Corolla is over 35 million. So, in last 40 years, a Corolla was sold in every 40 seconds. The first generation of Corolla came to the market in the month of October in 1966 and the second generation in May, 1970. There were regular redesigns in the model.