Company Description Mahindra Truck and Bus Division, a wholly owned subsidiary of the US $20.7 billion Mahindra Group, provides a complete range of integrated trucking solutions for diverse commercial applications. Its high-performance vehicles, agile after-sales service, extended warranties, and value-added brand benefits have set new benchmarks in the Indian trucking industry. The division’s heavy commercial vehicle (HCV) range is engineered with the philosophy “Made in India, Made for India,” with more than 40,000 HCV trucks already on the road.

Mahindra

Truck and Bus is expanding across segments from 3.5 tonne GVW to 55 tonne GVW, producing a new range of medium and heavy commercial vehicles at the state-of-the-art greenfield plant in Chakan. With industry-first warranty offerings, cost-effective maintenance, and optimized cost of ownership, the company aims to deliver both reliability and profitability to customers.

Role Description The Head - Material Cost Reduction (ICR/VAVE) role is a full-time, in office position based at the Chakan. This role leads material cost optimization initiatives across product lines, focusing on ICR (Integrated Cost Reduction) and VAVE (Value Analysis/Value Engineering) to improve profitability while maintaining performance and quality standards. Day-to-day responsibilities include identifying cost reduction opportunities in components and assemblies, collaborating with design, sourcing, manufacturing, and supplier quality teams, and driving cross-functional VAVE workshops.

The role oversees detailed cost benchmarking,



part teardown analysis, and value engineering projects, and ensures timely implementation of approved cost reduction actions. The Head will also track savings, report progress to leadership, and embed cost-conscious design and sourcing practices across the organization.

Qualifications

- Candidates should possess strong cost engineering and value analysis skills, including experience in VAVE, should-costing, and material cost benchmarking.
- Candidates should possess expertise in manufacturing and product engineering domains, such as knowledge of commercial vehicle components, production processes, and design-for-manufacturability principles.
- Candidates should possess capabilities in supplier management and procurement, including working with vendors on cost optimization, alternate sourcing, and negotiation for material and component savings.
- Candidates should possess skills in data analysis and project management, including use of cost models, KPIs, and structured methodologies to plan, track, and deliver cost reduction projects.
- Candidates should possess strong cross-functional collaboration and communication skills to work effectively with design, operations, finance, and supply chain teams.
- Relevant qualifications such as a bachelor’s or master’s degree in Mechanical/Automobile/Industrial Engineering or a related field are preferred, along with experience in automotive or commercial vehicle manufacturing.
- Experience in leading cost reduction programs at plant.

📌 Head - Material Cost Reduction (ICR/VAVE) (Chakan)
🏢 Mahindra Truck and Bus
📍 Chakan