Job Description

About TVS / Who are we? TVS Motor Company is a reputed two and three-wheeler manufacturer globally, championing progress through Sustainable Mobility with four state-of-the-art manufacturing facilities in Hosur, Mysuru and Nalagarh in India and Karawang in Indonesia. Rooted in our 100-year legacy of Trust, Value, and Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the J.D. Power IQS and APEAL surveys. We have been ranked No. 1 Company in /the J.D. Power Customer Service Satisfaction Survey for consecutive four years. Our group company Norton Motorcycles, based in the United Kingdom, is one of the most emotive motorcycle brands in the world. Our subsidiaries in the personal e-mobility space, Swiss E-Mobility Group (SEMG) and EGO Movement have a leading position in the e-bike market in Switzerland. TVS Motor Company endeavours to deliver the most superior customer experience across 80 countries in which we operate.


For more information, please visit www.tvsmotor.com.


Job Title / Role: NPD Finance


Department: Finance


Section: Finance - NPD Finance

Purpose


The position of the Head of Business Finance - New Product Development (NPD) exists to ensure that financial analysis, business case preparation, and financial management are integrated into the NPD process. This role adds unique value by driving cost optimization, evaluating the financial viability of new products, and ensuring that product development aligns with financial goals. Through rigorous financial oversight, business case analysis, and collaboration with cross-functional teams, this position supports the company's long-term growth by ensuring that new products are both profitable and feasible within the set budgets. Role Description


Collaborate with cross-functional teams (R&D, marketing, operations) to develop comprehensive business cases for new product development, ensuring financial feasibility and alignment with corporate strategy.



Partner with the should-cost team to define target material costs for new products, considering market conditions, supplier performance, and product requirements.



Lead efforts to define and deploy target material costs by evaluating suppliers, production methods, and other relevant factors to optimize the cost structure of new products.



Collaborate with the Manufacturing, Industrialization, and Work-Flow (MIW) team to estimate in-house costs and finalize target costs for manufacturing new products, ensuring accuracy and cost-effectiveness.



Conduct in-depth investment analysis, including NPV, payback period, and DCF to evaluate the financial viability of NPD initiatives, ensuring that investments align with the company's strategic objectives.



Perform make-or-buy analysis to determine the most cost-effective approach for product components and materials, considering financial impacts, quality, and operational efficiency.



Partner with R&D teams to ensure product designs are aligned with target costs, providing financial insights and recommendations for design optimization to meet budget expectations.



Lead benchmark and teardown activities for new product models to compare costs and features with competitor products, providing financial insights and recommendations for cost optimization.



Collaborate with the marketing team to assess and optimize product pricing and features, ensuring alignment with cost structures and maximizing profit margins while meeting customer needs.



Proactively escalate any concerns related to cost overruns, financial risks, or potential project delays to senior leadership, ensuring early intervention and mitigation.



Monitor and analyze development costs, investments, variable costs, margins, and other financial aspects, ensuring accurate tracking against targets and making adjustments where necessary.



Prepare and present detailed financial matrices to leadership on a weekly and monthly basis, highlighting key financial metrics and variances from the NPD budget and forecast. Functional competency :• Strategic Planning and Execution
• Financial Acumen
• Stakeholder Management

Behavioral competency :• Teamwork and Collaboration
• Leadership
• Conflict Resolution