Cost Engineer

MAN TRUCK & BUS INDIA PVT. LTD; Pune District; Hybrid; INR 1,200,000 - 1,800,000; Full time

Job summary

MAN Truck & Bus India Pvt. Ltd. invites a Cost Engineer to develop should-cost models for automotive components and tooling. You will create fact-based estimates from first principles and collaborate with Purchasing, Engineering and Finance to reach cost targets.

You will analyze manufacturing processes, validate supplier submissions, support negotiations and drive cost reductions through rigorous data and ongoing improvement initiatives across the organization.

Qualifications

• Should-Cost Estimation using first-principles methodologies to drive cost transparency.

Responsibilities

• Should-Cost Estimation: Develop detailed bottom-up cost models for components and tooling.

Skills

Should-Cost Estimation

First-principles costing

Analytical thinking

Cross-functional collaboration

Negotiation support

Cost data presentation

GD&T understanding

Strong communication

Self-driven

Tools

Siemens TcPCM

3D CAD understanding

Job description

We are part of The TRATON organization and shares purpose of “Transforming Transportation Together. For a sustainable world.”. This is what defines us as a Group. It’s not the purpose itself that makes us different, but how we execute it together and how seriously we take this commitment.

At TRATON, you are part of something bigger! We are convinced that the whole can be greater than the sum of its parts. Together with our brands Scania, MAN, International and Volkswagen Truck & Bus we have the power to bring about decisive change and overcome the challenges of our time, such as advancing climate change, the growing importance of sustainability, decarbonization and digitalization.

We are now looking for a new colleague within Cabin and Chassis, who wants to join this change journey.

• What kind of position/job is this? This is a permanent position
• Where is the job located? The role is located in Pune (Hybrid working policy)

With Us

Growing through collaboration

At MTBI, we see ourselves as the sum of the skills, interests, competencies, ideas and backgrounds of our individual employees. As part of a global team of industry experts, you will have the opportunity to think bigger, gain more experience and achieve higher goals. By joining Us, you will also become part of our transformation. We are a flexible and agile team where you can actively participate in the further development of our company

What Defines Us

Our Core Values

• Customer First: Our customers need to be the reference for what we do and don’t do. Our reason of being – and ability to thrive – is defined through how well we manage to solve our customers’ current and future problems.
• Respect: Mutual respect is necessary for psychological safety, individual responsibility and creativity. It is also required as we want collaboration within and between teams, creative improvements and efficient processes.
• Team spirit: We work together to create synergies, learn from each other, deliver value and make use of our unique strengths. We can only win together. Team spirit is the foundation of all collaboration.
• Responsibility: Acting with responsibility and integrity always pays off in the long run – not only for society and environment – but also for the company’s competitiveness.
• Elimination Of Waste: A relentless search for waste – activities with no value – is imperative to our continued competitiveness

Know Us More

MAN Truck & Bus India | MAN

Sustainable future of the logistics industry | TRATON

MAN Truck & Bus Company | MAN Truck & Bus

What We Do

Bing Videos

https://youtu.be/TU6OWe52Rck

Your Tasks –

Serve as a Cost Engineer responsible for developing clean-sheet ("should-cost") models for automotive components and tooling. Create fact-based cost estimates from first principles using zero-based costing methodology to drive cost transparency, support competitive sourcing decisions, and enable value-driven negotiations with suppliers. This role collaborates closely with Purchasing, Engineering, and Finance teams to achieve cost targets and deliver measurable cost savings across the organization.

To ensure that you will-

• Should-Cost Estimation: Independently develop detailed bottom-up cost models for components, assemblies, and tooling using first-principles methodologies including material costs, labor rates, process cycle times, overhead allocation, and profit margins.
• Manufacturing Process Analysis: Evaluate component designs to identify required manufacturing processes such as casting, machining, stamping, and injection molding, then analyze associated cost drivers for each process.
• Tooling & CapEx Costing: Analyze and estimate costs of supplier tooling proposals and capital investment requirements to validate supplier submissions.
• Supplier Quote Validation: Compare supplier cost breakdowns against internal should-cost models to identify and quantify cost gaps and opportunities.
• Negotiation Support & Cost Reduction: Partner with Procurement teams to support supplier negotiations with robust, fact-based cost data and identify cost reduction opportunities.
• Cross-Functional Collaboration: Work closely with Engineering, Manufacturing, and Finance teams to validate cost assumptions, refine models, and drive cost reduction initiatives.
• Reporting & Continuous Improvement: Track and report cost estimate outcomes versus actual costs, maintain comprehensive cost databases, and continuously improve cost modeling methodologies.
• In-depth knowledge of manufacturing processes including casting, machining, stamping, injection molding, and assembly operations.
• Proficiency in interpreting technical drawings, 3D CAD models, and understanding Geometric Dimensioning and Tolerancing (GD&T).
• Strong ability to calculate costs for raw materials, direct labor, machine cycle times, overhead rates, and tooling amortization.
• Experience with Siemens TcPCM cost modeling software is highly desirable.

Analytical & Financial Skills

• Excellent analytical skills with a first-principles mindset to systematically break down complex cost structures into fundamental elements.
• Strong financial acumen to understand cost-to-serve models and supplier pricing strategies.

Soft Skills

• Strong written and verbal communication abilities to present cost findings to stakeholders.
• Collaboration and influence skills to work effectively across Purchasing, Engineering, and Finance functions.
• Detail orientation with ability to manage multiple cost modeling projects simultaneously.
• Self-driven work ethic with ability to work independently and meet deadlines.