This paper describes computer aided finite element analysis of parabolic leaf spring. The present work is an improvement in design of EN45A parabolic leaf spring used by a light commercial automotive vehicle. Development of a leaf spring is a long process which requires lots of test to validate the design and manufacturing variables. A three-layer parabolic leaf spring of EN45A has been taken for this work. The thickness of leaves varies from center to the outer side following a parabolic pattern. These leaf springs are designed to become lighter, but also provide a much improved ride to the vehicle through a reduction on interleaf friction. The CAD modeling of parabolic leaf spring has been done in CATIA V5 and for analysis the model is imported in ANSYS-11 workbench. The finite element analysis (FEA) of the leaf spring has been carried out by initially discretizing the model into finite number of elements and nodes and then applying the necessary boundary conditions. Maximum displacement, directional displacement, equivalent stress and weight of the assembly are the output targets of this analysis for comparison & validation of the work.