Second generation (2003-2012)
In 2003, Suzuki redesigned the SV650 with a new pressure-cast aluminum truss frame, bodywork, swing-arm with revised rear brake caliper mounting, exhaust, digital speedometer display and electronic fuel injection/induction system to replace the carburetor.
The 2003 SV650s also supported some first generation parts (like the rearsets and radiator). The subframe is also angled up higher than 2004+ models. The different subframe has year-specific parts, such as the rider seat, plastic frame covers, exhaust hanger brackets and passenger pegs.
For 2004, Suzuki used a new, 40 mm lower subframe and a seat with a narrower design in the front. This made flat footing easier for shorter riders. The trail was raised by 2 mm, and the rear fender was restyled to clean up the area under the tail lights and provide more protection against flying debris.
In 2005, the color of the frame was changed from silver to a matte black finish and the radiator size was decreased from 440 to 410 mm (17 to 16 in).
For 2007, both SV650 and SV650S added dual spark plugs per cylinder, and an exhaust gas oxygen sensor on California models for reduced emissions. An anti-lock braking system (ABS) was also added as an option.
For 2008, alongside the traditional SV650 and SV650S models, Suzuki offered a new SV650 Sport (UK) or SV650SF (US) model with a more traditional complete fairing. The SV650S was removed from the US market.
In September 2008, Suzuki Australia introduced the SV650SU, a de-tuned version of the SV650S, to augment their range of motorcycles that comply with the country's Learner Approved Motorcycle Scheme (LAMS).
The 2009 Suzuki SFV650 Gladius replaced the SV650 naked version in the USA; however, a naked 2009 SV650 was available in Canada. Although the naked version was superseded by the Gladius, the SV650S model remained in the UK and Australian line-up through to 2012.

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