TCS wins $1bn deal from Jaguar Land Rover

According to TCS, the partnership will enable a "leaner, more agile and scalable operating model" for JLR as it would be leveraging new technologies to transform core IT operations, and look to deliver "substantial savings for JLR over the next five years".

"This is a truly bi-modal partnership where the efficiencies from leaner operations will help fund the new digital core, while our contextual knowledge and expertise will de-risk and accelerate that transformation,” said Anupam Singhal, Business Group Head - Manufacturing, TCS.

This is the sixth major deal that India's largest IT services company has won this calendar year in Europe, at a time when there's a slowing of decision-making in America amid an uncertain demand environment.

In February,  TCS had won a $723-million deal from the Phoenix Group. In April, it won a deal from Marks & Spencer that was estimated to be a billion dollar deal, following which it bagged a 10-year contract with the Teacher’s Pension Scheme in England and Wales, and also struck a $1.5 billion deal with the U.K.’s National Employment Savings Trust, or NEST in June. In the same month, it also entered into a strategic partnership with Phoenix Group’s subsidiary Standard Life Partners DAC to transform its operating model.

In the trading session on September 6, the shares of TCS closed at Rs 3,429.85 apiece on the BSE, which was marginally higher by 0.06 percent as against the previous day's close.