Low friction and high temperature wear resistant PVD coatings are in high demand for use on engine components, which operate in extreme environment. Diamond-like-carbon (DLC) coatings are extensively used for this purpose due to their excellent tribological properties. However, DLC degrades at high temperature and pressure conditions leading to significant increase in friction and wear rate even in the presence of lubricant. To withstand high working temperature and simultaneously maintain improved tribological properties in lubricated condition at ambient and at high temperature, both the transitional metals Mo and W are simultaneously introduced in a carbon-based coating (Mo-W-C) for the first time utilising the benefits of smart material combination and High Power Impulse Magnetron Sputtering (HIPIMS).This research includes development of Mo-W-C coating and investigation of thermal stability and tribological properties at ambient and high temperatures. The as-deposited Mo-W-C coating contains nanocrystalline almost X-ray amorphous structure and show dense microstructure, good adhesion with substrate (Lc -80 N) and high hardness (-17 GPa). During boundary lubricated sliding (commercially available engine oil without friction modifier used as lubricant) at ambient temperature, Mo-W-C coating outperforms commercially available state-of-the-art DLC coatings by providing significantly low friction (u- 0.03 - 0.05) and excellent wear resistance (no measurable wear). When lubricated sliding tests are carried out at 200°C, Mo-W-C coating provides low friction similar to ambient temperature, whereas degradation of DLC coating properties fails to maintain low friction coefficient.A range of surface analyses techniques reveal "in-situ" formation of solid lubricants (WS2 and M0S2) at the tribo-contacts due to tribochemically reactive wear mechanism at ambient and high temperature. Mo-W-C coating reacts with EP additives present in the engine oil during sliding to form WS2 and M0S2. This mechanism is believed to be the key-factor for low friction properties of Mo-W-C coating and presence of graphitic carbon particles further benefits the friction behaviour. It is observed that low friction is achieved mostly due to formation of WS2 at ambient temperature, whereas formation of both WS2 and M0S2 significantly decreases the friction of Mo-W-C coating at high temperature. This further indicates importance of combined Mo and W doping over single-metal doping into carbon-based coatings.Isothermal oxidation tests indicate that Mo-W-C coating preserves it's as-deposited graphitic nature up to 500°C, whereas local delamination of DLC coating leads to substrate exposure and loss of its diamond-like structure at the same temperature. Further, thermo-gravimetric tests confirm excellent thermal stability of Mo-W-C coating compared to DLC. Mo-W-C coating resists oxidation up to ~800°C and no coating delamination is observed due to retained coating integrity and its strong adhesion with substrate. On the other hand, state-of-the-art DLC coating starts to delaminate beyond ~380°C.The test results confirm that Mo-W-C coating sustains high working temperature and simultaneously maintains improved tribological properties during boundary lubricated condition at ambient and high temperature. Thus Mo-W-C coating is a suitable candidate for low friction and high temperature wear resistant applications compared to commercially available state-of-the-art DLC coatings