IATF 16949 requires that product be identified and traceable through production and into the field, and PPAP ties every production part back to its lot, date, and process data. A permanent, machine-readable mark on the part is how that paperwork survives contact with the real world: when a defect is isolated to a shift or a heat lot, the parts carrying that code can be found and the rest left alone.
The content is usually a part number, supplier or plant code, date or shift code, and a serial or lot number, carried in an ECC 200 Data Matrix with human-readable text beside it. AIAG B-4 covers the symbologies for automotive part identification and AIAG B-17 is the guideline for marking Data Matrix and QR directly on parts. Your customer-specific requirements set the content; we mark it, and read every code back against your list before shipment.
Substrate notes for the common powertrain materials are under stainless steel, aluminum, and plastics; carbon and alloy steels, tool steels, and brass are in the material marking guide.