TCS in $120 mn Chrysler deal

IT major Tata Consultancy Services (TCS) has signed a multi-year contract worth $120 million (around Rs 480 crore) with US automaker Chrysler.

TCS will deliver application maintenance and support services to Chrysler. The IT services initiative will encompass a portion of the functional areas within Chrysler such as sales and marketing and shared services.

"This partnership is a testament to TCS' competencies and capabilities, which continues to help its customers in business transformation by providing innovative IT services scalable to their needs," said N Chandrasekaran, the executive director and chief operating officer of TCS.

The revenue from this deal will reflect in the company's books in the fourth quarter of this financial year.

The automotive industry is one of the focus areas for the TCS, which accounted for 15.1 per cent of its $4.3 billion global revenues in FY07.

TCS provides services to many of the automotive original equipment manufacturers and tier-I companies in North America, Europe and Japan.