Purpose of the Role :

Cost Engineer is responsible to develop part level target costing, prepare detailed should cost estimate and apply it to achieve design to cost and source to cost; generate and syndicate cost reduction ideas through competition teardown, benchmarking, should cost analysis, VAVE, analytical levers etc and achieve aggregate cost reduction targets with engineering and purchase; work with vehicle module teams to achieve cost targets; cross deploy the ideas across TML needs; develop category specific key components or subassemblies knowledge repository covering competition, technology, products, manufacturing processes etc and apply it in developing cost models.

Job Responsibilities :

- Develop target costing and establish detailed should cost estimates for the components (Electronics Components- ECUs, PCB etc)

Generate directional cost / reference cost / detail should cost targets for components based on various inputs available across product development stages

Mature the directional/reference cost targets of the components to detail should cost as the design evolves.

Independently create error free should cost models

Develop tooling cost estimates using should cost / reference cost models for calculating tooling should-cost, and provide inputs for Capex target setting

Establish target cost for the components

- Ensure/ deliver design to cost and source to cost targets achievements for the component targets of programs.

Pursue component cost targets with engineering to achieve the design to cost targets for new programs

Perform cost driver analysis, design cost analysis on components to achieve design to cost targets.

Perform Supplier Quotation analysis with respect to should cost model and develop supplier negotiation fact pack for components

Perform Linear price performance models and generate opportunities to improve cost performance

Generate, provide valuation and syndicate cost reduction ideas based on should cost driver analysis in cost reduction workshops to achieve component subsystem cost reduction targets.

Benchmarking , competition should costing , best of Best cost driver analysis and its application into various projects to drive cost efficiencies

Perform data analysis and execute analytics based levers for idea generation (LPP,



Weight Tree Cost Tree, Function Cost etc )

Prepare component/subsystem specific supplier negotiation fact pack and support purchase CTL in achievement of should cost with supplier

- Develop component/subsystem knowledge repository covering competition, technology, products, processes etc and apply it in developing cost models

Prepare and syndicate cost models for new technology , supplier proprietary parts

Prepare scenarios on impact of choice of future technology on cost structure investment, supplier selection etc

Improve accuracy of should cost models

Prepare parametric cost models for part types to increase the coverage of parameterization

Perform TGR and TGW of design to cost and sourcing to cost targets

Being part of business case evaluation and build central repository of cost saving ideas and apply across the portfolio

- Annual cost reduction target for the sub systems / modules

Prepare execute idea generation and syndication plan

Achieve E+ ( syndicated) as per the target glide path for various modules in targeted VCs

Desired Candidate Profile :

- Education-BE/Btech (Full time)
- Relevant Experience :3 to 7 years of experience in the domain of technology type company (Auto Ancillary and manufacturing process e.g., electronics commodity).
- Positive Knowledge of latest trend in technologies
- In depth knowledge of manufacturing processes
- Experience of cost reduction programs
- Experience in lean manufacturing or six sigma programs will considered a plus.

Skills & Competencies :

- Model should cost tools and databases to develop the most cost-effective design and manufacturing options for key components or subassemblies
- Function-cost-value analysis & cost reduction idea generation levers
- Supply chain & value stream mapping
- Financial Statement analysis of key tool makers
- Commercial cost reduction and negotiation skill




- Category specific software expertise such as CAD, PLM, FormSuite, flowmold, CapitalH, Autoform, SAP etc.

Tata Motors is an Equal Opportunity Employer, committed to a fair and transparent hiring process. All recruitment decisions are based strictly on Merit, Role alignment, and Business requirements. It does not solicit or accept any form of payment or gratuity from candidates at any stage of the recruitment process. Any such request received should be considered fraudulent and reported immediately.

About Tata Motors:

Part of the USD 180 billion Tata group, Tata Motors Limited (BSE: 500570; NSE: TATAMOTORS), a USD 52 billion organization, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks, and buses, offering an extensive range of integrated, smart, and e-mobility solutions. With ‘Connecting Aspirations’ at the core of its brand promise, Tata Motors is India’s market leader in commercial vehicles and ranks among the top three in the passenger vehicles market.

Tata Motors strives to bring new products that captivate the imagination of GenNext customers, fuelled by state-of-the-art design and R&D; centres located in India, the UK, the US, Italy, and South Korea. By focusing on engineering and tech- enabled automotive solutions catering to the future of mobility, the company’s innovation efforts are focused on developing pioneering technologies that are both sustainable and suited to the evolving market and customer aspirations. The company is pioneering India's Electric Vehicle (EV) transition and driving the shift towards sustainable mobility solutions by developing a tailored product strategy, leveraging the synergy between Group companies and playing an active role in liaising with the Government of India in developing the policy framework.

With operations in India, UK, South Korea, Thailand and Indonesia, Tata Motors markets its vehicles in Africa, the Middle East, Latin America, Southeast Asia, and the SAARC countries. As of March 31, 2025, Tata Motors’ operations include 93 consolidated subsidiaries, two joint operations, four joint ventures, and numerous equity-accounted associates, including their subsidiaries, over which the company exercises significant influence.

📌 Senior Manager-PV & EV Cost Engineering-PV & EV Cost Engineering-TMPV (Pune)
🏢 TataMotors
📍 Pune