HCLTech, a prominent global technology services firm, has been selected by Volvo Cars as a key partner for engineering services, marking a major expansion of their ongoing collaboration. Volvo Cars, known for its leadership in automotive innovation, is committed to shaping the future of mobility with a focus on sustainability. The company aims to provide customers with a safe, personal, and eco-friendly way of moving.
Building on their long-standing relationship in digital and Product Lifecycle Management (PLM) services, the new agreement will see HCLTech play a pivotal role in delivering comprehensive engineering solutions. This expanded partnership will support Volvo Cars’ future engineering goals from the company’s Centre of Excellence in Gothenburg, alongside its global offshore and nearshore teams.
“We are excited to deepen our partnership with Volvo Cars at such a critical time in their transformation,” said Pankaj Tagra, Corporate Vice President, Manufacturing and Allied Industries, Europe at HCLTech. “HCLTech is making significant investments in the next generation of automotive engineering. This collaboration reinforces our dedication to providing advanced, future-ready solutions that will help define the next era of mobility.”
Tagra also highlighted that this partnership strengthens HCLTech’s standing as a trusted engineering partner for leading global automotive companies, as more industry leaders recognize the value of its solutions in driving the future of transportation.
Founded in 1927, Volvo Cars has grown into one of the world’s most recognized and respected automotive brands. The company sells vehicles in over 100 countries and is publicly traded on the Nasdaq Stockholm exchange under the ticker symbol “VOLCAR B.”
Guided by its purpose—”For life. To give people the freedom to move in a personal, sustainable and safe way.”—Volvo Cars is committed to becoming a fully electric vehicle manufacturer. The company is actively working to reduce its carbon footprint and aims to achieve net-zero greenhouse gas emissions by 2040.
As of December 2024, Volvo Cars employed around 42,600 full-time staff. The company’s headquarters, as well as its core functions in product development, marketing, and administration, are based in Gothenburg, Sweden. Its global manufacturing footprint includes production facilities in Gothenburg, Ghent (Belgium), South Carolina (USA), and the Chinese cities of Chengdu, Daqing, and Taizhou. Volvo Cars also operates R&D and design centers in Gothenburg and Shanghai.
HCLTech employs over 223,000 people across 60 countries, providing a wide range of services in digital, engineering, cloud, and AI. The company serves clients across various industries, including financial services, manufacturing, life sciences, high-tech, telecommunications, retail, and public services. For the year ending March 2025, HCLTech reported consolidated revenues of $13.8 billion.
