Tata Consultancy Services (TCS) has secured a significant contract with Jaguar Land Rover (JLR), a subsidiary of Tata Motors, valued at £800 million ($1 billion) over the next five years. Under this agreement, TCS will play a crucial role in helping JLR revamp its digital services, simplifying and managing these services while constructing a modern, future-ready technology architecture aligned with JLR's 'Reimagine' strategy.

TCS's scope of services includes application development and maintenance, enterprise infrastructure management, cloud migration, cybersecurity, and data services. The partnership is expected to usher in a more streamlined, flexible, and scalable operational model for JLR, enabling cost savings over the next half-decade.

This strategic collaboration underscores the commitment of both Tata entities to leverage technology and innovation to drive growth and efficiency in the luxury automotive sector. With TCS's expertise, JLR aims to enhance its digital capabilities and better serve its discerning clientele while achieving operational efficiencies.

"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.

The IT sector has been witnessing a flurry of substantial deals in recent months, largely driven by clients' efforts to streamline costs and focus on core operations by leveraging digital transformation. Tata Consultancy Services (TCS), in June, secured a significant deal with the UK's National Employment Savings Trust (Nest) for the digital transformation of its scheme administration services, valued at approximately £1.5 billion ($1.9 billion) with possible extensions. The initial 10-year deal carries a value of £840 million (around $1.0 billion).

In a similar vein, Verizon Business entered into a strategic partnership with HCLTech as its primary managed network services (MNS) collaborator for global enterprise customers last month. This collaboration comes with an estimated new total contract value (TCV) of $2.1 billion for a duration of six years.

Infosys, too, inked a substantial AI and cloud-themed agreement worth €1.5 billion ($1.6 billion) for an initial five-year engagement with telecom and communications group Liberty Global in August. The contract's value could potentially reach €2.3 billion ($2.5 billion), particularly if extended to an eight-year term, marking one of Infosys' largest deals in its four-decade history.

Image source: ET