JLR expands partnership with Tata Consultancy Services to accelerate digital transformation

JLR today announces that it is extending its partnership with world leader in information technology, TCS, to accelerate digital transformation across its business.

The deal, which will help JLR create a simplified and leading-edge IT infrastructure, is worth more than £800 million over the next five years but will deliver efficiencies over the cost of existing services that will reduce JLR's net expenditure and unlock free cash flow.

Nigel Blenkinsop, Executive Director, Enterprise Performance & Quality, JLR said: "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. Their breadth of capabilities and deep understanding of our business will further enhance our ability to transform and simplify our IT estate at pace, ensuring we can deliver a modern luxury experience for our clients."

TCS will deliver a broad range of services for JLR spanning Application Development & Maintenance, Enterprise Infrastructure Management, Cloud Migration, Cybersecurity and Data Services.

Anupam Singhal, Business Group Head - Manufacturing, TCS said: "We are pleased to be selected by JLR as their strategic partner to help manage and transform their Digital estate as well and help them build a new, future-ready digital core that will support their Reimagine strategy and electrification plans. 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."

Shares of Tata Motors Limited was last trading in BSE at Rs. 610.25 as compared to the previous close of Rs. 611.05. The total number of shares traded during the day was 290810 in over 6624 trades.

The stock hit an intraday high of Rs. 612.00 and intraday low of 605.60. The net turnover during the day was Rs. 176886308.00.

Source : Equity Bulls

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TataMotors INE155A01022 JLR Partnership TCS