In today's scenario the New Product Development has become vital activity for R&D department of any Automotive Company. The typical Product Lifecycle Management needs attention to address some of issues / hurdles faced by the Project teams. This technical paper presents the usage of Product Lifecycle Management for addressing issues generally faced in New Product Development process for deciding matters like project time line for part development, development process involved in product development, red flag items for product validation, homologation requirements, etc. It also serves the purpose in terms of spare part management, implementation of improvements. It also support for over product material cost, raw material management & weight management.This enables the New Product Development for timely, with more clarity on part development with clear separation of carry over & new unique parts, DVP finalization for validation along with red flag items. This also enables to reduce cost involved for the development.