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Stringent emission norms introduced by the legislators over the decades has forced automotive manufacturers to improve the fuel economy and emission levels of their engines continuously. Therefore, the emission levels of modern engines are significantly lower than pre-1990 engines. However, the improvement in fuel economy is marginal when compared to that of emission levels. For example, approximately 30% of total energy in the fuel is being wasted through the cooling systems in the modern engines. Therefore, thermal management systems are being developed to reduce these losses and offer new opportunities for improving the fuel economy of the vehicles. One of the new emerging technologies for thermal management is the use of nanofluids as coolant. Nanofluids are a mixture of nano-sized particles added to a base fluid to improve its thermal characteristics.