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Electrical and Electronic systems in a vehicle are increasing manifolds with Electric and ADAS Vehicles taking the lead. There is a rapid transition happening from hardware driven vehicles to software driven vehicles. ISO 26262 is a global standard defined for functional safety (FuSa) in the automotive industry which addresses the structured design and development approach for eliminating electrical malfunctions leading to critical hazards such as fire in EVs. The standard defines specific requirements that need to be met by the safety relevant electrical system and also by development processes. Though the implementation of FuSa is crucial from vehicle safety point of view, its compliance is still a challenge majorly due to lack of awareness, in-built complexities, increase in project development time and subsequent cost. In this work, we focus on a FuSa implementation model taking into account the conventional new program development cycle.