HCLTech shares soar 1% on renewing multi-year contract with Sweden-based commercial vehicle manufacturer

At around 12:30 pm, the stock was trading 0.89% higher at ₹1,442.50 per equity share.

Expanding upon the scope of services, the new multi-year contract will involve HCLTech enhancing and modernising the Gothenburg-based manufacturer’s IT infrastructure and transforming its digital foundation services, it said in a regulatory filing on Tuesday.

Under the contract, HCLTech will leverage its proprietary GenAI-led service transformation platform, such as AI Force, to deliver platform-based managed services, hyper automation, and full-stack observability.

It will enable one-click provisioning of IT services and help optimise operational efficiency and enhance the employee and customer experience, the company added.

Commenting on the renewal, Jagadeshwar Gattu, President, Digital Foundation Services, HCLTech, said: “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.”

The Gothenburg-headquartered firm is one of the world’s leading manufacturers of trucks, buses, construction equipment, marine and industrial engines, and comprehensive transport solutions.

“We are proud to continue being a part of the client’s growth journey. This renewal and expanded scope reflect the strong foundation we’ve built together over the years. The expansion of this strategic agreement further reinforces HCLTech’s leadership in the global automotive vertical, which is amongst the company's key growth areas,” said Pankaj Tagra, Corporate Vice President, HCLTech.

HCLTech stock lost 3.23% over the week and 15.64% over three months. It declined 10.74% over a period of six months. On a year-to-date basis, it has slipped 24.76%.

While the share reached a 52-week low of ₹1,302.75 on April 7, 2025, it touched a year’s high of ₹2,012.20 apiece on January 13, 2025.

HCLTech has a total market capitalisation of₹3.91 lakh crore, as of September 24, 2025, according to data on the NSE.