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HCL Technologies selected as one of Volvo Cars' main suppliers for digital transformation and IT Services

Posted On: 2019-10-17 13:46:07


HCL Technologies (HCL), a leading global technology company, today announced it has been selected by Volvo Cars for an end-to-end IT services deal, including scope of its new digital transformation program. The engagement is an expansion of a collaboration that began in 2016 and will see HCL support the global premium car company in its ongoing digital transformation initiatives. This large-scale transformation program includes organization-wide technology shifts that will help Volvo Cars to capitalize on new opportunities to improve internal business processes and customer experiences.

The digital transformational roadmap that HCL and Volvo Cars have defined includes steps to establish an agile and product-oriented organization. These initiatives will enable Volvo Cars to solve business complexity efficiently and achieve faster time-to-market, as well as leveraging the strength of mobility, subscription-based services, electrification and autonomous driving.

'As one of its main suppliers, HCL is looking forward to helping Volvo Cars to achieve its digital transformation ambitions by leveraging our industry-leading service capabilities and automotive domain expertise," said Pankaj Tagra, EVP & Head - Nordic & DACH Business at HCL Technologies, it's rewarding to see our strong commitment to Volvo since 2016 translate into this new engagement, which will allow us to focus on helping Volvo Cars to transform its digital landscape and further leverage advanced opportunities that new technologies can offer."

HCL and Volvo Cars have successfully worked together on IT transformation since 2016. The collaboration between the two organizations is expanding to include several aspects of digital transformation including product orientation, DevOps and application integration.

Shares of HCL TECHNOLOGIES LTD. was last trading in BSE at Rs.1100.85 as compared to the previous close of Rs. 1084.1. The total number of shares traded during the day was 16838 in over 738 trades.

The stock hit an intraday high of Rs. 1107 and intraday low of 1081. The net turnover during the day was Rs. 18453666.


Source: Equity Bulls

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