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Automobile OEMs are looking for improving fuel economy[1,2] of their vehicles by reducing weight, rolling resistance and improving engine and transmission efficiency apart from the aerodynamic design. Fuel economy may be improved by using appropriate low viscosity [3] and use of friction reducers (FRs)[4,5] in the engine oils. The concept of high viscosity index [6] is being used for achieving right viscosity at required operating temperatures. In this paper performance properties of High Viscosity Index engine oils have been compared with conventional VI engine oils. Efforts have been made to check the key differentiation in oil properties w.r.t. low temperature fluidity, high temperature high shear viscosity/deposits, friction behavior, oxidation performance in bench tribological /engine/chassis dyno tests which finally lead to oil performance assessment. Three candidates of SAE 0W-30 grade oil with ACEA C2/API SN credentials have been chosen using various viscosity modifiers.