HCL Technologies Limited has informed the Exchange regarding 'Release - Volvo Cars and HCLTech collaborate to drive engineering transformation '.
HCLTECH · price
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HCLTech has been selected by Volvo Cars as one of its strategic suppliers for engineering services. This expands their existing relationship in digital and PLM services to end-to-end engineering solutions at scale. HCLTech will support Volvo Cars' engineering ambitions from its automotive Centre of Excellence in Gothenburg, along with its global offshore and nearshore delivery centers. HCLTech is investing substantially in next-generation automotive engineering capabilities. The company reported consolidated revenues of $13.8 billion for the 12 months ending March 2025.
This is a positive business development that strengthens HCLTech's position in the automotive engineering services segment and signals revenue growth potential, though no specific deal value has been disclosed.