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CosmicTaco
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Grapevine

HCLTech and Infosys Battle for $1B Volvo Deal

  • 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

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