HCLTech and Infosys Battle for Volvo's Billion-Dollar Tech Contract

In a high-stakes competition, HCLTech and Infosys are vying for a lucrative $1 billion technology deal with Swedish truck manufacturer Volvo Group. The contract, up for renewal, has both IT giants sending their top executives to Volvo's headquarters in Gothenburg, Sweden, for final negotiations. HCLTech, the incumbent, aims to defend its position, while Infosys emerges as a formidable challenger. The deal encompasses a comprehensive technology transformation, including management of thousands of applications, data centers, and network devices. This renewal represents a significant opportunity in a period of limited mega deals for Indian IT firms.

Source: Times of India