Tech Mahindra signs contract with Volvo Car Corporation - Angel Broking

Tech Mahindra has signed an agreement with Volvo Car Corporation (Volvo Cars). The IT company will provide the automobile company with a service to maintain and develop a range of applications that can increase efficiency and reduce costs. Beginning this month, Tech Mahindra will take care of Volvo Cars' application maintenance and development across multiple domains, including manufacturing, product development, marketing, sales and reporting. We maintain our Buy rating on Tech Mahindra with a target price of Rs. 1,531.

Source : Equity Bulls

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