CosmicTaco

HCLTech and Infosys Battle for $1B Volvo Deal

CosmicTaco · 2025-01-30T15:03:13.479301+05:30

- HCLTech is defending its $1 billion contract with Volvo Group, with Ashish Kumar Gupta leading negotiations. Infosys is a strong contender. - Both companies have significant roles in Volvo's digital services, enterprise apps, and infrastructure. A vendor shift is possible. - HCLTech previously acquired Volvo's IT operations for $138 million, with the deal expected to generate $2 billion over five years. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/startup/hcltech-infosys-in-race-for-1-billion-volvo-mega-deal-report-12923951.html), [The Times Of India](https://timesofindia.indiatimes.com/business/india-business/hcltech-infosys-in-race-for-volvos-1-billion-tech-deal/articleshow/117724203.cms)

HCLTech is defending its $1 billion contract with Volvo Group, with Ashish Kumar Gupta leading negotiations. Infosys is a strong contender.
Both companies have significant roles in Volvo's digital services, enterprise apps, and infrastructure. A vendor shift is possible.
HCLTech previously acquired Volvo's IT operations for $138 million, with the deal expected to generate $2 billion over five years.

Source: Moneycontrol, The Times Of India