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Suzuki

Suzuki

Industry: 
Automotive
Value of USG Contracts: 
1
Symbol: 
TYO:7269
Country: 
Japan
Contact Information: 
Sources: 

"We signed a licensing deal with Iran Khodro Industrial Group for local production in 2005. With the recent easing of sanctions we'd like to consider restarting our business there, President Toshihiro Suzuki told reporters. Under its agreement with Iran Khodro, Japan's fourth-largest automaker, which specialises in compact cars, sent parts for 6,200 cars to Iran in 2011, its peak year of operations in the country." (Reuters, "Suzuki Motor says plans to restart Iran business after sanctions lift." 1/20/2016). 

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“Nissan Motor and other Japanese automakers are looking to restart exports to Iran as the prospect of sanctions relief grows stronger… Suzuki Motor is readying to ramp up exports of auto components for assembly in Iran. The company began producing around 4,000 sport-utility vehicles a year there in 2005, but the sanctions have reduced this output to a trickle since 2012. Suzuki is considering introducing new models to the Iranian market once the sanctions are lifted. Isuzu Motors plans to resume exports of light trucks and other models to Iran once that happens… New-auto sales in Iran totaled about 1.1 million last year and are expected to reach 1.6 million in 2020 assuming the sanctions are lifted, according to IHS Automotive, a U.S. research company.” (Nikkei Asian Review, “Japanese automakers readying to renew exports to Iran,” 10/10/2015)

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Suzuki is a Japanese automaker and globally recognized trademark with a capital of 120,210 million yen as of March 31, 2009. (Company Profile)

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Suzuki is an affiliate of Volkswagen

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"The report said that aside from Nissan and Peugeot, such car brands as Chinese Lifan, Mazda, Suzuki, and Hyundai are still being manufactured in Iran." (Trend, "Five reasons why Iran's car manufacturing suffers blow after blow," 11/27/2012)

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Suzuki's Iranian partner Iran Khodro produced 4,393 Suzuki Grand Vitara vehicles during the Persian year ending March 19, 2012.  (Best Selling Cars, "Iran March 2012: Last good showing for Peugeot," 4/18/12)

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“SUZUKI products are now popular in 187 countries worldwide, with local assembly plants” (Company website).

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Suzuki was one of 74 corporations identified by the New York Times as doing business with Iran as well as the United State government in the past ten years. Suzuki, which has received $1.1 million from the U.S. government, "has a production agreement with Iran Khodro Manufacturing Co., the largest automaker in Iran. Iran Khodro mass produces the Suzuki Grand Vitara, a compact SUV. Iran Khodro's Web site showcases several Suzuki models" (The New York Times, "Profiting From Iran, and the U.S.," March 12, 2010).

According to the article, as of March 12 2010, Suzuki status in Iran is listed as active.

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Iranian automaker Iran Khodro Company (IKCO), which manufactures and sells Suzuki vehicles, has a web page for its Suzuki products. (Iranian Dealer website)