Suzuki｜Revision of “Partnership Building Declaration”

Suzuki Motor Corporation revised its “Partnership Building Declaration,” originally formulated in August 2020, in response to the March 2024 revision of the Subcontractors Small and Medium Enterprises Promotion Act. The declaration now includes updates to pricing methods, emphasizing annual price negotiations with suppliers, discussions to improve labor conditions, and full cost pass-through for increases in raw material and energy costs. Suzuki remains committed to fostering partnerships and mutual growth with its suppliers based on this declaration.

Source: Suzuki (September 2, 2024) Suzuki｜Revision of “Partnership Building Declaration”