Tata Consultancy Services (TCS), a leading global IT services and business solutions firm, has signed a new multi-year contract with Chrysler LLC, a United States-based automaker, to provide a comprehensive portfolio of IT services.

Under the agreement, TCS will deliver IT application and maintenance support services to Chrysler by leveraging its Global Network Delivery Model(TM) from various locations around the world as well as the recently announced TCS Seven Hills Park domestic delivery center outside Cincinnati, Ohio and through a locally recruited team in the Detroit, Michigan region.

The project will include a portion of several functional areas within Chrysler, such as Sales and Marketing, Shared Services, Product Development and After Sales.

The automotive industry is a key focus market for the TCS Manufacturing vertical which accounted for 15.1% of TCS' FY 2007 $4.3 billion global revenues. The company already provides services to many of the automotive OEMs and tier one companies in North America, Europe and Japan.

Recently, TCS has signed a five-year, multi-million dollar contract to be the global engineering partner of ArvinMeritor.

The scrip of the company slipped 2 per cent to Rs 870 at the close of Friday's trading with over 107,000 shares changing hands on the BSE.