Cost control and cost reduction are essential managerial functions in manufacturing industries to ensure profitability, sustainability, and competitive advantage. This study examines the cost control and cost reduction techniques implemented at TI Cycles of India Ltd, a leading bicycle manufacturer in India. The research analyzes the company’s cost management practices, including budgetary control, lean manufacturing, inventory management, supply chain optimization, and continuous improvement initiatives. The study evaluates the effectiveness of these techniques in improving operational efficiency and financial performance. The findings suggest that systematic cost control combined with strategic cost reduction initiatives enhances productivity, reduces waste, and strengthens market competitiveness.