HCL Tech announces $1.14 billion AI partnership with European firm

Friday, July 3, 2026 - 20:18
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Sources familiar with the matter told ET that the client is Mercedes-Benz, with HCLTech beating out Infosys, which was the incumbent vendor for the account. This comes as enterprises increasingly consolidate vendors, with tech spending budgets tightening amid tough macroeconomic and geopolitical conditions.

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