In Today's world, increasing competition & innovation in automobile sector which tends to modify the existing products or replacing old products by new and advanced material products is in lower price. Hence, every organization is striving for cost effective product at a lower price and within minimum period of time to market. Engineer keeps pressure for consistently strive to design the most effective products at lower price. In this paper, the work is focus on functioning of the tie rod, the methods of its performance evaluation and its optimization using numerical & experimental approach. Wheels alignment is ensured through Tie Rod which results the adjustment of wheel alignment that keeps the inner and outer edges of the tires from wearing. Hence, the tie rod functioning is most important for steering and suspension performance of vehicle. After analysis, hollow Tie rod with 11.0mm ID is select which gives 12.12% less weight than solid tie rod, without failure.