HCLTech, Infosys in race for Volvo’s $1 billion tech deal

HCLTech aims to retain its $1 billion contract with Volvo Group as Infosys emerges as a strong contender. The negotiators met in Gothenburg, Sweden, last week. HCLTech’s previous five-year deal included acquiring Volvo’s external IT operations, expecting $2 billion in revenue.

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