In the present time, advanced high strength steel (AHSS) has secured a dominant place in the automobile sector due to its high strength and good toughness along with the reduced weight of car body which results in increased fuel efficiency, controlled emission of greenhouse gases and increased passengers’ safety. In the present study, four new advanced high strength steels (AHSS) have been developed using three different processing routes, i.e., thermomechanical controlled processing (TMCP), quenching treatment (QT), and quenching & tempering (Q&T) processes, respectively. The current steels have achieved a better combination of the high level of strength with reasonable ductility in case of TMCP as compared to the other processing conditions. The achievable ultrahigh strength is primarily attributed to mixed microstructure comprising lower bainite and lath martensite as well as grain refinement and precipitation hardening.