Product Design

They are not three different streams. Automobile and product design are the sub-streams of industrial design. There are many sub-streams of ID like product design, textile design, ceramic and glass design, furniture and interior design, transportation and automobile design. For more details, kindly visit the link mentioned below:
www.nid.edu
All the best!

An M.Des in automobile design graduate can become: Car manufacturers, two and three wheeler manufacturers, truck and heavy vehicle manufacturers or a special purpose vehicle manufacturers.
There is no good dedicated institute in Indore to pursue automobile design course, if you still wish to go for M.Des in automobile design, you can apply to one of these following colleges:
MITID, Pune
UPES, Dehradun

Hi Pratik,
Most product design courses are offered in conjunction with industrial design. You need to be more specific with your requirements here, are you looking for an engineering degree? Are you looking for an MS? Nevertheless here are some choices:
Stanford
Georgia Tech
Illinois Institute of Technology
Carnegie Mellon University
NC State University
Regards

Hello Prashanth,
Definitely you can study your desired course in Australia. For that you need to take up IELTS and score at least 6.5 overall with no band less than 6.
Do some research about the universities you are interested in and apply for the universities within the deadline. Majority of the Australian universities have 2 intakes i.e February and July.

Which course would you like to pursue? In which specialization have you completed your engineering?

Yes, mechanical engineering graduates are eligible to pursue M.Des in product design. Some of the best institutes, where you should seek for admission are:
1. Industrial Design Center (IDC).
2. IIT – Bombay.
3. IDDC.
4. IIT-Delhi.
5. MIT Institute of Design.
6. NID – Ahmedabad.
7. Symbiosis.
8. UPES School of Design Studies and
9. NIT - Rourkela.
All are good and provide good exposure, faculty and placements.

The best college to get into is NID.