“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,” Suzuki President Toshihiro Suzuki told reporters, as reported by Reuters.
Under its agreement with Iran Khodro, the company which specializes in compact cars, sent parts for 6,200 cars to Iran in 2011, its peak year of operations in the country, Reuters added.
Suzuki has now joined other global auto leaders including Daimler, Peugeot, Renault and Fiat that have voiced interest in returning to the Iranian market in a post-sanctions era.
The economic sanctions against Iran were lifted over the weekend after a nuclear deal that the country had sealed last year with the P5+1 group of countries – the five permanent members of the Security Council plus Germany – was implemented.
