This paper describes a model-based software development methodology for AUTOSAR-ready light software architecture(AUTOSAR-Lite). The proposed methodology briefly represents an application software modeling technique using Matlab/Simulink. Using the proposed technique, application software architecture elements (e.g. software components, runnables, and interfaces) and functional behaviors can be designed in a single modeling environment. From the designed model, the codes of application software is automatically generated using Real-Time Workshop Embedded Coder. The generated application software is easily integrated with hand-coded basic software using the proposed method. In order to evaluate the proposed methodology, a diesel engine management system for a passenger car was employed as a case study. Based on the methodology, 8 atomic software components and 52 runnables are successfully developed, and they are evaluated by engine experiments. From this case study, AUTOSAR compatible model-based application software was successfully developed, and the effectiveness of the proposed methodology was evaluated.