Thermoplastic vulcanizates (TPVs) are a special class of thermoplastic elastomer, produced by simultaneously mixing and cross-linking a rubber with a thermoplastic at elevated temperature. Dicumyl peroxide-cured TPVs based on blends of maleated ethylene propylene rubber (m-EPM) and polypropylene (PP) thermoplastic using maleated-PP as a compatibilizer have been developed. To reinforce the properties of these TPVs, nanosilica was added at different levels. With the increase of nanosilica concentrations, significant improvement in tensile strength, modulus, and impact strength of TPVs have been achieved. Morphology study shows that nanosilica is uniformly dispersed in the polymer matrices. Dynamic mechanical analysis shows that tan 6 value at low temperature decreases with increasing nanosilica concentration indicating less damping characteristics. Thermogravimetric study revealed that thermal stability of TPVs is improved in presence of nanosilica. Equilibrium swelling study confirms that solvent resistance of TPVs could be improved by nanofiller incorporation. Rubber process analyzer found a very useful tool to understand the melt rheology of nanosilica filled TPVs in terms of dynamic functions over a wide range of strain amplitude and frequency.