HCL Tech gains on strategic pacts for smart vehicle ecosystem

The company has signed strategic partnerships with Movimento and Rightware

Shares of HCL Technologies were up 1% at Rs 751 on the Bombay Stock Exchange in an otherwise weak market after the company said it has signed partnerships with two leading automotive solution providers to expand its offerings for the fast growing smart vehicle ecosystem.

HCL Technologies said in a release that it has entered into strategic partnerships with Movimento and Rightware to bring invaluable services to its clients.

The partnership with Movimento will offer automotive lifecycle management, updates and support for on-and-off-board software.

The partnership with Rightware will enable HCL to help automotive solution  providers  and  Tier-1 manufacturers with all aspects of advanced UI creation, including design, development, systems integration, deployment and support, the release added.

The stock opened at Rs 749 and touched a high of Rs 752. At 10:50am, over 741,000 shares were traded on both the stock exchanges.