Market Research: TCS bag order from British carmaker JLR: Deal size and other details

India’s largest-IT services company Tata Consultancy Services (TCS) has entered into a strategic partnership with the Digital unit of Tata Son-owned British car company JLR. UK-based JLR is owned by Tata Motors, a subsidiary of TCS parent Tata Sons. The deal is valued at £800 million ($1 billion) over the next five years. According to the company, TCS will transform, simplify, and help manage the Digital estate, and build a new future-ready, strategic technology architecture that will support JLR’s Rimagine strategy.
Reports suggest that the deal (with possible extensions) is valued at about £1.5 billion ($1.9 billion). The current 10-yr deal is valued at £840 million ( around $1.0 billion).
What is the deal with JLR Digital about
TCS has had a longstanding relationship with JLR Digital, spanning over a decade. As a part of the new partnership, TCS will deliver services spanning application development & maintenance, enterprise infrastructure management, cloud migration, cybersecurity and data services. Through synergies and economies of scale with suppliers, this partnership aims to deliver substantial savings for JLR over the next five years, unlocking free cash flow to reinvest into the future. TCS will leverage its contextual knowledge, deep domain expertise, proprietary platforms, vast partner ecosystem and future-ready talent pool to help JLR enhance its digital capacity. As a part of the new partnership, TCS will deliver a broad range of services spanning application development and maintenance, enterprise infrastructure management, cloud migration, cybersecurity and data services.
Outside of the new contract, TCS is partnering with JLR to help accelerate its vision of modern luxury client experience tailored to different markets globally. “This is a truly bi-modal partnership where the efficiencies from leaner operations will help fund the new digital core, while our contextual knowledge and expertise will de-risk and accelerate that transformation,” said Anupam Singhal, business group head, manufacturing, TCS.
“Building world class partnerships and maximising the benefits of being part of the Tata Group is a key part of our Reimagine strategy. Consistent with this, we are pleased to expand our long-term relationship with TCS to accelerate our digital transformation,” said Nigel Blenkinsop, executive director, enterprise performance and quality, JLR. TCS has operated in the UK for more than 45 years and currently employs more than 23,000 people in the UK and Ireland.
TCS, in June, won a deal from UK-based National Employment Savings Trust (Nest) to digitally transform its scheme administration services.

FOLLOW US ON GOOGLE NEWS

Read original article here

Denial of responsibility! Yours Headline is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a Comment