TCS inks multi-million euro deal with car rental co Europcar

Mumbai: Tata Consultancy Services said it has signed a multi-year, multi-million euro contract with Europcar, a car rental company in Europe.

The European company's IT subsidiary Europcar Information Services has selected TCS to manage IT services development for its French operations, said a statement from the Indian company. TCS did not specify the exact size of the deal.

For TCS, this strengthens its presence in France and marks expansion of its travel, transportation and hospitality industry unit, said the statement. This unit has over 4,000 consultants and works with over 50 customers worldwide.

Mr Kumar Narayanan, Director and Country Head of TCS France, said, “This partnership with Europcar is part of the development of a strategic relationship with industry leading companies in France.”

TCS said it provides services to over 20 French companies, a majority of which are part of the CAC 40 Index. Its stock gained by over 2 per cent on the BSE, to end at Rs 1,191.95 on Monday.