The automobile industry has shown interest in the replacement of conventional materials with composite due to its property of high strength ratio. Reducing weight while increasing or maintaining the strength of the product is highly important to research issue in the modern world. For this purpose, the material selected was jute fiber and carbon fiber in Epoxy resin.  Present work aims at determining the suitability of jute fiber reinforced hybrid composite to replace conventional multi-leaf spring. Various combination of jute fiber and carbon fiber in the epoxy resin is analyzed with respect to deflection. For this, a parabolic mono leaf spring is modeled in solid edge software and analyzed using simulation tool FEA. As eye end plays a pivotal role in attaching the leaf spring to the frame and determining is the capability to carry loads the spring is modeled with the eye end. Here again, two different possibilities are analyzed. In one case steel eye end is bolted to the Natural fiber reinforced hybrid composite (NFRHC) mono-leaf spring and in another, the eye end is made from the same composite. The two types are then statically and dynamically analyzed using ANSYS software. It is found that NFRHC leaf spring with steel eye end bolted to it has more stresses and lower strain energy compared to bonded eye end NFRHC leaf spring. While the Natural frequency of composite leaf spring is higher than the conventional leaf spring resonance will be reduced Hence NFRHC spring with bonded eye end is considered a suitable replacement with a weight reduction of 80% from that of conventional steel leaf spring.