HCLTech on June 12 announced that it has bagged a deal from Swedish luxury car manufacturer Volvo Cars as one of its strategic suppliers for engineering services.
This is an important deal for HCLTech, as the competition with mid-sized IT companies intensifies in the engineering services space which has seen better growth rates amidst the overall slowdown in the IT services sector.
Expanding on its existing partnership in digital and PLM (product lifecycle management) services, this agreement significantly increases HCLTech’s role to cover the delivery of end-to-end engineering solutions at scale.
“The strategic collaboration will see the company support Volvo Cars’ engineering future ambitions from its automotive Centre of Excellence in Gothenburg, as well as its global offshore and nearshore delivery centers,” HCLTech said in a statement.
“We are proud to broaden our relationship with Volvo Cars at such a pivotal moment in its transformation journey,” said Pankaj Tagra, HCLTech Corporate Vice President, Manufacturing and Allied Industries, Europe.
He added, “HCLTech is investing substantially in nextgen automotive engineering. This strategic engagement reflects our commitment to delivering high performance, future-ready engineering solutions that help shape the mobility of tomorrow.”
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