Suzuki

"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) (http://en.trend.az/regions/iran/2092624.html)

Japanese automaker Suzuki plans to launch and later assemble at least three new models for the Iranian market, hinting a significant shift in its sales outlook for Iran in the post-sanctions environment. (4/6/2016) (https://financialtribune.com/articles/economy-auto/38767/suzuki-plans-3-vehicles-for-iranian-market)

Iranian automaker Iran Khodro Company (IKCO), which manufactures and sells Suzuki vehicles, has a web page for its Suzuki products. (Iranian Dealer website) (http://www.ikco.com/Fa/Default.aspx)

Suzuki is a Japanese automaker and globally recognized trademark with a capital of 120,210 million yen as of March 31, 2009. (Company Profile) (http://www.globalsuzuki.com/corp_info/outline/index.html)

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) (http://bestsellingcarsblog.com/2012/04/18/iran-march-2012-last-good-showing-for-peugeot/)

"Japan External Trade Organization (JETRO) has prepared a package for expansion of trade cooperation with Iran, according to the head of JETRO office in Tehran.

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

“SUZUKI products are now popular in 187 countries worldwide, with local assembly plants” (Company website). (http://www.globalsuzuki.com/corp_info/overseas/index.html)

As of November 2021, Suzuki was not listed on the Texas Comptroller List of Companies Engaging in Scrutinized Business Operations in Iran

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In 2019, California State Teachers Retirement System listed Suzuki as a company under review for reportedly licensing its products to an Iranian state-owned manufacturing firm.  (https://www.calstrs.com/sites/main/files/file-attachments/calstrs-investment-reports-2019.pdf?1577750493)

Takayuki Suzuki made the remarks during a meeting in Tehran with Iran Chmber’s Deputy for International Affairs Mohammad Reza Karbasi.

Suzuki is an affiliate of Volkswagen (http://www.unitedagainstnucleariran.com/company/volkswagen)

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). (http://www.nytimes.com/interactive/2010/03/06/world/iran-sanctions.html)

The Japanese side said that his country is upbeat about the future of relations with Iran, and therefore JETRO is seeking to hold B2B meetings between Iranian companies and the Japanese ones in four sectors – medical equipment, cosmetics, startups, and producing cultural content." (Iran Chamber of Commerce, "JETRO eyes boosting trade with Iran," 1/26/22)  (https://en.otaghiranonline.ir/news/33443)

"Suzuki Motor reportedly licenses its products to an Iranian state-owned automobile manufacturing firm. In 2019, CalSTRS identified Suzuki Motor Corp. as potentially having ties to Iran and began the review process. The engagement has been delayed by shutdowns related to the COVID-19 pandemic. Accordingly, CalSTRS maintained an “Under Review” status in 2020." (https://www.calstrs.com/sites/main/files/file-attachments/calstrs-investment-reports-2020.pdf?1609284307)

During the meeting, the two sides referred to a significant drop in trade relations between Iran and Japan and explored the ways for further promotion of bilateral relations.

In 2019 Suzuki was listed on the Texas Comptroller List of Companies Engaging in Scrutinized Business Operations in Iran.   (https://comptroller.texas.gov/purchasing/publications/divestment.php)

It is unclear whether the auto industry will be included in those discussions.

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