Enclosed please find a release on the captioned subject.
Awaiting price reaction for this filing.
HCLTech has been chosen by Volvo Cars as one of its strategic suppliers for engineering services, significantly expanding HCLTech's role from existing digital and PLM (Product Lifecycle Management) work to end-to-end engineering solutions at scale. The partnership will be delivered from Volvo Cars' automotive Centre of Excellence in Gothenburg, along with HCLTech's global offshore and nearshore delivery centers. HCLTech highlighted this as a major step in its next-gen automotive engineering investment, positioning it as a strategic engineering partner of choice for global automotive leaders. No financial terms or deal value were disclosed in the release.
Positive for HCLTech shareholders — this is a marquee client win with a major global automaker that strengthens HCLTech's engineering services portfolio, though the absence of deal value limits quantification of the revenue impact in the near term.