👥 HR & Workplace🇮🇳 India
HCLTech Lands $1.14 Billion Mercedes-Benz Deal, Ending Three-Year Mega-Deal Dry Spell
mint - companies·Sunday, 5 July 2026
HCLTech has reportedly won a $1.14 billion contract from Mercedes-Benz, ending a three-year stretch without a major deal. The contract is expected to bring in $228 million annually, translating to roughly 1.6% growth in FY27. This puts HCLTech back in competition with peers like TCS, Infosys, and Coforge.
Why It Matters
For anyone tracking India's IT sector, this is a signal that large Indian tech firms are still winning big global contracts despite intense competition and AI disruption.
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