HCL Technologies Expands AI-Powered Digital Services Agreement with Swedish Commercial Vehicle Giant
HCL Technologies has renewed and expanded its partnership with a major Swedish commercial vehicle manufacturer. The multi-year agreement includes enhanced digital foundation services using HCLTech's GenAI-led service transformation platform, AI Force. Services will cover platform-based managed services, hyper automation, and full-stack observability with AI-powered solutions. The partnership aims to optimize operational efficiency, enhance experiences, and support sustainability goals. HCLTech will leverage its full-stack technology portfolio to build a future-ready digital foundation for the client.

*this image is generated using AI for illustrative purposes only.
HCL Technologies (HCLTech), a leading global technology company, has announced a significant renewal and expansion of its partnership with one of the world's largest commercial vehicle manufacturers based in Gothenburg, Sweden. This multi-year agreement marks a new chapter in HCLTech's commitment to driving digital transformation in the automotive sector.
Enhanced Digital Foundation Services
Under the new contract, HCLTech will leverage its proprietary GenAI-led service transformation platform, AI Force, to enhance and modernize the Swedish manufacturer's IT infrastructure. The expanded scope of services includes:
- Platform-based managed services
- Hyper automation
- Full-stack observability with AI-powered solutions
These advanced services aim to enable one-click provisioning of IT services, optimizing operational efficiency and enhancing both employee and customer experiences.
Sustainability and Efficiency
The renewed partnership also focuses on accelerating the client's sustainability goals through responsible and efficient IT practices. This aligns with the growing trend of integrating environmental considerations into digital transformation strategies.
Leadership Perspectives
Jagadeshwar Gattu, President of Digital Foundation Services at HCLTech, expressed enthusiasm about the partnership, stating, "We are delighted to be a trusted digital transformation partner and contribute to the client's growth strategy. We look forward to leveraging our full-stack technology portfolio to build a future-ready digital foundation."
Pankaj Tagra, Corporate Vice President at HCLTech, added, "This renewal and expanded scope reflect the strong foundation we've built together over the years. The expansion of this strategic agreement further reinforces HCLTech's leadership in the global automotive vertical, which is amongst the company's key growth areas."
HCLTech's Global Presence
| Metric | Value | |:----------------------|:--------------|| | Workforce | Over 223,000 | | Countries of operation| 60 | | Consolidated revenues | $14.00 billion|
Upcoming Financial Results
HCLTech has scheduled a board meeting for October 13 to consider:
- Unaudited financial results for the quarter and half-year ending September 30
- Payment of the 3rd interim dividend
The company has announced the closure of its trading window from September 25 until 48 hours after the declaration of financial results on October 13, in compliance with insider trading regulations.
This renewed agreement with the Swedish commercial vehicle manufacturer underscores HCLTech's growing influence in the automotive sector and its commitment to delivering cutting-edge AI-powered digital solutions.
Historical Stock Returns for HCL Technologies
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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+0.61% | +7.32% | +2.16% | +7.55% | -17.31% | +72.73% |