The fifth largest automaker in Japan, Mitsubishi Motors Corporation stands thirteenth globally. Founded in April, 1970, the company has its headquarters in Tokyo, Japan. Strategic alliances saw the company perform strongly in the 1970s and the '80s during which period it increased its production capacity to over 1.5 million units. In a JV with HM, the company's Indian endeavour began with the Lancer which sold well and also posed quite a challenge to the Honda City. This led the company to introduce models like the globally successful SUV, the Pajero and later the Cedia, Montero and Outlander.