Associate Tech Lead – Cost Engineering

Trane Technologies; Bengaluru; On-site; INR 2,800,000 - 4,200,000; Full time

Job summary

Trane Technologies in Bengaluru seeks an Associate Tech Lead – Cost Engineering to drive product cost optimization, value engineering, and cost analysis across programs. You will partner with design, sourcing, manufacturing, finance, and product management teams to identify cost-saving opportunities while maintaining quality and performance.

The role requires technical leadership in cost modeling, should-cost analysis, and design-to-value activities throughout the product lifecycle, with

Qualifications

• Bachelor’s degree required in mechanical/industrial/manufacturing/electrical engineering or related field.
• 8–12 years of experience in cost engineering, value engineering, product engineering, manufacturing engineering, or sourcing support.

Responsibilities

• Lead cost engineering activities for new product development and existing product improvement projects.
• Develop and maintain cost models and should-cost estimates for components, assemblies, and systems.
• Partner with engineering, sourcing, manufacturing, and finance to identify and implement cost reduction opportunities.
• Analyze designs, materials, processes, and supplier quotes to assess cost drivers.
• Drive VA/VE and design-to-cost initiatives through teardowns without compromising safety or quality.
• Support make-versus-buy analyses, supplier benchmarking, and cost comparisons.
• Review drawings, BOMs, specs, and process flows to estimate and validate costs.
• Provide insights during supplier discussions, RFQs and negotiation support.
• Track cost reduction projects and savings pipelines.

Skills

Machining

Sheet metal

Casting

Molding

Welding

Assembly

Cost analysis

Excel

Cost modeling

Should-cost analysis

Data-driven decision making

Engineering drawings

Communication

Education

Bachelor’s degree in mechanical engineering, Industrial Engineering, Manufacturing Engineering, Electrical Engineering, or related field

Tools

aPriori

TcPCM

CAD

ERP

PLM

Job description

Be a part of our mission! As a world leader in creating comfortable, sustainable, and efficient climate solutions for buildings, homes and transportation, it's our responsibility to put the planet first. For us at Trane Technologies, and through our businesses including Trane® and Thermo King, sustainability is not just how we do business—it is our business. Do you dare to look at the world's challenges and see impactful possibilities? Do you want to contribute to making a better future? If the answer is yes, we invite you to consider joining us in boldly challenging what's possible for a sustainable world.

Learn about our benefits designed for you to Thrive at work and at home.

We boldly go.

Where Is The Work:

Monday to Thursday, work onsite with your colleagues. Fridays, choose your work location, balancing what your work requires.

Be a part of our mission! As a world leader in creating comfortable, sustainable, and efficient climate solutions for buildings, homes and transportation, it's our responsibility to put the planet first. For us at Trane Technologies, and through our businesses including Trane® and Thermo King, sustainability is not just how we do business—it is our business. Do you dare to look at the world's challenges and see impactful possibilities? Do you want to contribute to making a better future? If the answer is yes, we invite you boldly challenging what's possible for a sustainable world.

Learn about our benefits designed for you to Thrive at work and at home.

We boldly go.

Where Is The Work:

Monday to Thursday, work onsite with your colleagues. Fridays, choose your work location, balancing what your work requires.

JD For Associate Tech Lead – Cost Engineering:

Job Summary: The Associate Technical Lead - Cost Engineering is responsible for supporting product cost optimization, value engineering, and cost analysis initiatives across engineering programs. This role partners closely with design engineering, sourcing, manufacturing, finance, and product management teams to identify cost-saving opportunities while maintaining product quality, performance, and compliance. The position also provides technical leadership in cost modeling, should-cost analysis, and design-to-value activities throughout the product lifecycle.

Responsibilities:

• Lead and support cost engineering activities for new product development and existing product improvement projects.
• Develop and maintain detailed cost models, should-cost estimates, and cost breakdown structures for components, assemblies, and systems.
• Partner with engineering, category management, procurement, and manufacturing teams to identify and implement cost reduction opportunities.
• Analyze product designs, materials, manufacturing processes, and supplier quotations to assess cost drivers.
• Drive VAVE and design-to-cost initiatives through product teardowns without compromising safety, quality, reliability, or functionality.
• Support make-versus-buy analysis, supplier benchmarking, and cost comparison studies.
• Review drawings, BOMs, specifications, and process flows to estimate and validate product costs.
• Provide technical insights during supplier discussions, RFQs, and negotiation support activities.
• Track cost reduction projects, savings pipelines, and implementation status.
• Prepare reports, presentations, and recommendations for leadership and cross-functional stakeholders.
• Contribute to standard methodologies, tools, and processes for cost engineering excellence.
• Mentor junior engineers or team members on cost analysis methods and best practices when needed.
• Adherent to 100% QDC

Qualifications:

• Bachelor’s degree in mechanical engineering, Industrial Engineering, Manufacturing Engineering, Electrical Engineering, or related field.
• 8-12 years of experience in cost engineering, value engineering, product engineering, manufacturing engineering, or sourcing support.

Key Competencies:

• Strong understanding of manufacturing processes such as machining, sheet metal, casting, molding, welding, and assembly.
• Experience with product costing, should-cost analysis, and cost reduction methodologies.
• Ability to read and interpret engineering drawings, specifications, and bills of materials.
• Strong analytical and problem-solving skills.
• Proficiency with Excel and cost analysis tools like aPriori, TcPCM, etc
• Excellent verbal & written communication and collaboration skills across cross-functional teams.
• Attention to detail & data driven decision making

Preferred Competencies:

• Experience in HVAC, industrial equipment, automotive manufacturing environments.
• Familiarity with ERP, PLM and CAD tools
• Knowledge of lean manufacturing, value analysis/value engineering (VA/VE), and design-to-cost principles.
• Exposure to AI & data analytics tools (python, tableau)
• Experience working with global suppliers and cross-functional international teams.
• Prior experience leading technical initiatives or workstreams.

We offer competitive compensation and comprehensive benefits and programs. We are an equal opportunity employer; all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, pregnancy, age, marital status, disability, status as a protected veteran, or any legally protected status.