India's Tata Consultancy Services and the digital unit of Britain's Jaguar Land Rover (JLR) joined hands as part of a strategic partnership on September 6. The association is a part of JLR’s "reimagine" strategy. The deal is valued at more than £800 million or $1 billion over the course of the next five years.
The two companies have a decade-long history of collaboration. This time the aim will be to drive transformation, simplification, and effective management of JLR's digital assets, according to a report by CNBC TV18.
To strengthen JLR's digital capabilities, TCS will draw on its deep contextual insights, domain knowledge, proprietary platforms, vast partner network, and talent pool equipped for the future.
Enhancing digital capability, streamlining and controlling the digital landscape, and creating a forward-thinking digital core to support JLR's business transformation are some of the goals.
"We are pleased to be selected by JLR as their strategic partner to help manage and transform their digital estate and build a new, future-ready digital core that will support their ‘reimagine strategy’ and electrification plans," TCS Business Group Head, Manufacturing, Anupam Singhal said.
Beyond their contractual commitments, TCS is also collaborating closely with JLR to accelerate the realisation of its vision for a modern luxury client experience tailored for diverse global markets.
Shares of Tata Consultancy Services Ltd ended at Rs 3,429.85, up by Rs 2, or 0.058 per cent, on the BSE.
India’s top IT services companies have secured a handful of multi-million and billion-dollar deals and contract renewals, over the last few months. This comes amidst worries of client spending cuts in key United States and European markets.