TCS strengthens ties with JLR in a $1 billion agreement

7 Sep 2023 , 10:40 AM

The two Tata Group firms announced on Wednesday that their relationship, worth more than 800 million pounds ($1 billion) over five years, has been expanded between India’s Tata Consultancy Services (TCS) and Britain’s Jaguar Land Rover (JLR).

A variety of services, including application development and maintenance, cloud migration, cybersecurity, and data services, would be provided to the vehicle maker as part of the cooperation by India’s leading exporter of IT services.

JLR and TCS have been working together since 2012 on a variety of projects.

Top Indian IT service providers have recently renewed a number of multi-million- and billion-dollar contracts amid concerns that client spending in the crucial US and EU markets may decline.

With the British pension plan Nest, TCS had secured a $1.1 billion contract in June.

Rival Infosys, which signed three contracts in June and August, and HCL Technologies, which closed a $2.1 billion agreement with Verizon, the largest U.S. telecom company, last month, respectively.

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