Volvo Cars Picks HCLTech as Strategic Supplier for Engineering Services

Volvo Cars has named HCLTech as one of its strategic suppliers for engineering services. The latest agreement expands the companies' ongoing engagement, which previously covered digital and product lifecycle management (PLM) services. Under the new scope, HCLTech will now handle end-to-end engineering services at scale.

Support From Gothenburg and Global Centres

HCLTech will deliver services through its automotive Centre of Excellence located in Gothenburg, Sweden. Additional work will be carried out via the company's offshore and nearshore delivery centres. The engagement will cover a range of engineering operations linked to Volvo Cars’ product development and related functions.

Focus Areas 

The partnership is expected to support Volvo Cars’ current focus on personal, sustainable, and safe mobility solutions. The expanded engineering support will be integrated with Volvo’s broader development in line with its goals around innovation and sustainable transport.

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Statement from HCLTech

As per the company’s official communication, the expanded engagement strengthens its presence in the global automotive engineering space. HCLTech noted that its teams will work closely with Volvo Cars' engineering units to provide scalable solutions across functions. No financial figures or contract timelines were disclosed.

HCLTech Share Price Performance 

As of 10:13 AM on June 13, 2025, HCL Technologies Ltd share price was trading at ₹1,694.80, down 0.38%; the stock is down 13.92% over 6 months but up 17.36% over the past year. The announcement is likely to keep the stock in focus in the coming sessions.

Conclusion

With this development, HCLTech’s role in Volvo Cars’ engineering operations has expanded significantly. The work will be delivered from multiple global locations, with a focus on supporting the automaker’s long-term product and mobility plans.

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