Latest news with #PankajTagra
Time of India
2 days ago
- Automotive
- Time of India
HCL Tech shares in focus after Volvo Cars picks firm for end-to-end engineering services
HCL Tech shares will be in focus on Friday after Swedish carmaker Volvo Cars selected the Indian IT major as one of its strategic suppliers for engineering services . The deal expands their existing collaboration in digital and product lifecycle management (PLM) to include the delivery of end-to-end engineering solutions at scale. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Air conditioners without external unit. (click to see prices) Air Condition | Search Ads Search Now Undo HCL Tech will support Volvo Cars' engineering initiatives through its automotive Centre of Excellence in Gothenburg, Sweden, along with its global offshore and nearshore delivery centres. The company said the partnership aligns with Volvo's focus on sustainable growth and innovation in future mobility. 'This strategic engagement reflects our commitment to delivering high-performance, future-ready engineering solutions that help shape the mobility of tomorrow,' said Pankaj Tagra, Corporate Vice President at HCLTech for Manufacturing and Allied Industries in Europe. He added that the deal further strengthens HCLTech's position as a strategic engineering partner for global automotive clients. Also Read: SBI, Bank of Baroda among 10 banks that saw NPA decline in Q4 Live Events Volvo Cars aims to deliver mobility that is personal, sustainable, and safe, and the expanded partnership with HCLTech is expected to support this vision. Also Read: KEI Industries, DCB Bank among 10 small-cap stocks analysts expect to gain up to 75% HCL Tech share price performance and outlook According to Trendlyne, the average target price for HCL Tech is Rs 1,664, suggesting a potential downside of about 2% from current levels. Among 44 analysts tracking the stock, the majority have a 'Hold' rating. Technically, the stock's Relative Strength Index ( RSI ) stands at 62.4, indicating neutral momentum. The MACD is at 19.9, positioned above both the centre and signal lines — a bullish signal. HCL Tech shares closed 1.1% lower at Rs 1,702 on the BSE in the previous session, even as the Sensex slipped 1%. The stock has gained 11% in the past three months but remains down 12% over the last six months. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
2 days ago
- Automotive
- Time of India
HCLTech bags mega deal likely worth over $1 billion from Volvo Group
Live Events IT player HCLTech has secured a likely more than $1 billion sized contract from Swedish truck maker Volvo Group in a close the past months, the Volvo deal was in the final lap of negotiations between HCLTech and its larger rival Infosys 'Volvo Cars has chosen HCLTech as one of its strategic suppliers for engineering services ,' HCLTech, the country's third largest IT player, said in a statement on Thursday. 'This agreement significantly expands HCLTech's role to cover the delivery of end-to-end engineering solutions at scale.'In 2016, HCLTech had won an over $1 billion deal from Volvo Group that included acquisition of Volvo's external IT services arm for around $138 million (then Rs 895 crore). This acquisition was estimated to deliver $1 billion in revenue over a five-year the second largest software services exporter Infosys engages with Polestar , a Volvo firm, on a variety of industrial engineering the period, HCLTech also set up an automotive centre of excellence in Gothenburg based on the domain expertise of the Volvo team, to serve HCLTech's global automotive and manufacturing strategic collaboration will see the company support Volvo Cars' engineering future ambitions from its automotive Centre of Excellence in Gothenburg, as well as its global offshore and nearshore delivery centres, HCLTech statement added.'We are proud to broaden our relationship with Volvo Cars at such a pivotal moment in its transformation journey,' said Pankaj Tagra, corporate vice president-manufacturing and allied industries, Europe at HCLTech. 'HCLTech is investing substantially in next-gen automotive engineering . This strategic engagement reflects our commitment to delivering high performance, future-ready engineering solutions that help shape the mobility of tomorrow.'
Yahoo
2 days ago
- Automotive
- Yahoo
Volvo Cars and HCLTech Collaborate to Drive Engineering Transformation
NOIDA, India, June 12, 2025--(BUSINESS WIRE)--HCLTech, a leading global technology company, today announced that Volvo Cars has chosen HCLTech as one of its strategic suppliers for engineering services. Volvo Cars has been at the forefront of automotive innovation for many years and has set out to shape the future of mobility with strong ambitions on sustainable growth, as it seeks to offer clients the freedom to move in a personal, sustainable and safe way. Drawing on an established relationship in digital and PLM services, this agreement significantly expands HCLTech's role to cover the delivery of end-to-end engineering solutions at scale. The strategic collaboration will see the company support Volvo Cars' engineering future ambitions from its automotive Centre of Excellence in Gothenburg, as well as its global offshore and nearshore delivery centers. "We are proud to broaden our relationship with Volvo Cars at such a pivotal moment in its transformation journey," said Pankaj Tagra, HCLTech Corporate Vice President, Manufacturing and Allied Industries, Europe. "HCLTech is investing substantially in nextgen automotive engineering. This strategic engagement reflects our commitment to delivering high performance, future-ready engineering solutions that help shape the mobility of tomorrow." Tagra added that the partnership cements HCLTech's position as a strategic engineering partner of choice for global automotive leaders, as more executives recognize the potential of its solutions to help unlock the future of mobility. About HCLTech HCLTech is a global technology company, home to more than 223,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, High Tech, Semiconductor, Telecom and Media, Retail and CPG and Public Services. Consolidated revenues as of 12 months ending March 2025 totaled $13.8 billion. To learn how we can supercharge progress for you, visit View source version on Contacts For more information, please contact: Meredith Bucaro, Americasmeredith-bucaro@ Elka Ghudial, James Galvin, Nitin Shukla, Indianitin-shukla@ Sign in to access your portfolio
Associated Press
2 days ago
- Automotive
- Associated Press
Volvo Cars and HCLTech Collaborate to Drive Engineering Transformation
NOIDA, India--(BUSINESS WIRE)--Jun 12, 2025-- HCLTech, a leading global technology company, today announced that Volvo Cars has chosen HCLTech as one of its strategic suppliers for engineering services. Volvo Cars has been at the forefront of automotive innovation for many years and has set out to shape the future of mobility with strong ambitions on sustainable growth, as it seeks to offer clients the freedom to move in a personal, sustainable and safe way. Drawing on an established relationship in digital and PLM services, this agreement significantly expands HCLTech's role to cover the delivery of end-to-end engineering solutions at scale. The strategic collaboration will see the company support Volvo Cars' engineering future ambitions from its automotive Centre of Excellence in Gothenburg, as well as its global offshore and nearshore delivery centers. 'We are proud to broaden our relationship with Volvo Cars at such a pivotal moment in its transformation journey,' said Pankaj Tagra, HCLTech Corporate Vice President, Manufacturing and Allied Industries, Europe. 'HCLTech is investing substantially in nextgen automotive engineering. This strategic engagement reflects our commitment to delivering high performance, future-ready engineering solutions that help shape the mobility of tomorrow.' Tagra added that the partnership cements HCLTech's position as a strategic engineering partner of choice for global automotive leaders, as more executives recognize the potential of its solutions to help unlock the future of mobility. About HCLTech HCLTech is a global technology company, home to more than 223,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, High Tech, Semiconductor, Telecom and Media, Retail and CPG and Public Services. Consolidated revenues as of 12 months ending March 2025 totaled $13.8 billion. To learn how we can supercharge progress for you, visit View source version on CONTACT: For more information, please contact:Meredith Bucaro, Americas [email protected] Ghudial, EMEA [email protected] Galvin, APAC [email protected] Shukla, India [email protected] KEYWORD: SWEDEN AUSTRALIA/OCEANIA INDIA NEW ZEALAND ASIA PACIFIC EUROPE INDUSTRY KEYWORD: CONSULTING AUTOMOTIVE MANUFACTURING AUTOMOTIVE TECHNOLOGY MANUFACTURING PROFESSIONAL SERVICES OTHER TECHNOLOGY VEHICLE TECHNOLOGY SOFTWARE ARTIFICIAL INTELLIGENCE INTERNET SOURCE: HCLTech Copyright Business Wire 2025. PUB: 06/12/2025 08:08 AM/DISC: 06/12/2025 08:07 AM
