Journal Press India^®

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The article provides a comparative analysis of the cost control systems employed by Hero MotoCorp and Bajaj Auto, two leading companies in the Indian two- wheeler market. It highlights the importance of strategic cost management for maintaining competitiveness, optimizing profitability, and achieving operational efficiency. This study used a convenience sample of the top two Indian automobile companies listed on the BSE, and secondary data from the financial statements of the years 2015 to 2024 was used. The t-test, ANOVA analysis, and correlation were used to analyze the data. ANOVA results confirm that the variations in cost component categories are not random but reflect significant differences. This analysis provides a valuable understanding into their cost management strategies, providing lessons for other companies in the automotive sector aiming to improve their financial performance and operational effectiveness.

Keywords

Profitability, Cost control system, Cost structure, Operational efficiency, Market share.

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