Automobile & Auto Components
Part-level costing, customer price negotiations, tooling cost and GST for auto component suppliers.
Auto component suppliers work to tight price agreements with vehicle manufacturers and must support every price revision with cost data. Raw material indexation, tooling amortisation and rejection rates have a direct effect on margins.
Typical requirements
Costing
- Part-wise cost sheets for OEM price negotiation
- Raw material price indexation workings
- Tooling and die cost amortisation
Statutory
- Cost audit applicability for covered products
- Inventory verification at multiple locations
Tax
- GST on tooling recovered from customers
- Job work procedures
- E-invoicing
Finance
- Customer-wise profitability
- Capex appraisal for new programmes
Relevant services
Cost Audit
Statutory cost audit under section 148 of the Companies Act, 2013 and the Companies (Cost Records and Audit) Rules, 2014.
Product Costing
Unit-level product cost computation for pricing, quotations, margin analysis and inventory valuation.
Activity-Based Costing
Allocation of overheads to products, customers and channels based on the activities that drive cost.
Cost Reduction Studies
Structured review of material, conversion and overhead costs to identify measurable reduction opportunities.
PLI Scheme Certification
Certification of eligible sales, investment and value addition for claims under Production Linked Incentive schemes.
E-invoicing & E-way Bill Advisory
Applicability, system setup and compliance checks for e-invoicing and e-way bills.