It is no small partner that Volvo Group has now chosen to continue to ally itself with. HCLTech has more than 223,000 employees globally in 60 countries, delivering industry-leading capabilities centered around digitalization, engineering, cloud and AI, powered by a broad portfolio of technology services and products.
The company works with customers across virtually all major industry verticals and provides industry solutions for financial services, manufacturing, life sciences and healthcare, high technology, semiconductors, telecom and media, retail, and consumer products and public services.
Consolidated revenues for the 12-month period ending June 2025 totaled $14 billion.
Extension and expansion of ten-year agreement from 2016
The collaboration with Volvo Group is originally based on a ten-year outsourcing agreement for the IT business from 2016. This included a technology transformation plan for thousands of applications, data centers and servers. As well as the establishment of a Center of Excellence (CoE) in Gothenburg to support Volvo’s global IT customers, with a focus on manufacturing, R&D, and digital and IoT functions. With the new extended and expanded engineering services agreement, HCLTech is expected to contribute to an acceleration of the digital transformation of the Volvo Group in areas such as autonomous driving, electrification and digitalization of vehicles and services.
“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,” commented Jagadeshwar Gattu, President of Digital Foundation Services at HCLTech, in reference to the recently signed agreement with Volvo Group.
Central principles for the Group’s improvement work
Generally for Volvo Group, the company’s production system containing five core principles, called the Volvo Production System (VPS), remains central to the Group’s continuous improvement work. As such, it is also something that affects what HCLTech has to develop. The VPS framework deals with key areas such as teamwork, process stability, built-in quality, Just-in-Time (JIT) principles and continuous improvement to achieve world-class performance and customer satisfaction.
Within the Group’s heavy truck production, Volvo Group Trucks Technology (GTT) is a central part responsible for technical and product development of trucks, including technical research, engine development, product design and all technical and product development connected to the truck business for all truck brands within the Group.
GTT also supports aftermarket products and collaborates globally with other parts of the Group to deliver technical products and services. This also includes global teams focused on developing electromobility and hydrogen-powered trucks, along with continuous advancements in areas such as autonomous transportation solutions and improving truck safety, efficiency and connectivity.
