Costing Engineer

Role: Costing Engineer

Department: Strategic Sourcing Location: Bengaluru, India Experience: 5-8 Years

Your Team:

You’ll be working with the Strategic Sourcing Team.

Our philosophy:

Break stuff, break assumptions, break the thumb rule.

Believe in the team, the process, and through failures.

Build fast, build passionately, build to simplify.

What you’ll do:

Key responsibilities
- Prepare detailed should-cost breakdowns for all new parts (RFQ / development stage) and for existing parts to set a baseline for current spend. Each breakdown covers raw material (gross and net weight, scrap, yield), process cost, tooling amortisation, labour, overheads, rejection, profit, packaging and freight.
- Read and interpret 2D/3D drawings, GD&T, and material and surface-treatment specs to define the manufacturing route.
- Give buyers target prices before RFQ, and run gap analysis (quote vs. should-cost) after quotes come in.
- Build and maintain the costing database: RM indices (LME/MCX/polymer), machine-hour rates, labour rates, cycle-time norms, and overhead and profit norms.
- Estimate tooling costs (dies, moulds, fixtures, gauges) and recommend amortisation vs. one-time payment.
- Visit supplier shop floors to check process routes, cycle times and capacity, and build supplier-specific cost models.
- Support buyers in negotiations, annual price reviews and claims for raw-material price variation.
- Drive VA/VE and design-to-cost with design, component development and program teams. Run make-vs-buy and process-route comparisons.
- Track the cost baseline, cost-reduction opportunities and savings realised.

Process and commodity costing expertise required
- Aluminium extrusion and aluminium die casting (HPDC/LPDC/gravity)
- Ferrous casting (grey and SG iron, steel)
- Sheet metal forming, stamping (progressive/transfer tools, press tonnage, nesting), laser/turret cutting, bending
- Fabrication and welding (MIG, TIG, spot, projection, robotic)
- All machining processes (turning, VMC/HMC, drilling, grinding, multi-axis CNC)
- Powder coating, plating, anodising, screen printing
- Plastic injection moulding (including insert moulding and overmoulding)
- Rubber injection and compression moulding
- Vacuum casting and 3D printing / prototyping (FDM, SLA, SLS, MJF, metal AM)
- Wire harness (cable, terminals, connectors, crimping, assembly and testing)

What matters to us :
- Strong grasp of manufacturing processes, machine capacities and how cycle times are built up
- Good working knowledge of materials and their market price drivers
- Advanced Excel, Experience with Teamcenter
- Analytical, detail-oriented, and comfortable defending cost logic with suppliers

Automotive / EV / 2W–3W / CV / battery-pack supply chain
- OEM costing cell or Tier-1 estimation function
- Exposure to battery packs, chargers, enclosures, busbars and harnesses is a strong plus

Experience: 5–10 years in product costing / should-costing / value engineering at an automotive or EV OEM, or a Tier-1 supplier
- Education: B.E./B.Tech in Mechanical, Production or Industrial Engineering (ICWA/CMA or cost engineering certification is a plus)