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The authors have developed a high-performance talc masterbatch (hereinafter HPTMB) to achieve sufficient flexural modulus and impact resistance at the same time using inexpensive conventional PP as a base resin. Highly compressed fine talc and elastomers were selected as the filler and the impact resistance improver by considering their dispersion in the molded parts. The mixing process was also optimized. In order to stabilize impact resistance after molding, several elastomers were selected based on molecular weights and melting points. The developed HPTMB showed excellent balanced properties for instrument panels using inexpensive conventional PP as a base resin. The HPTMB is applied to the instrument panel of a Mitsubishi mini car. This technology will enable us to reduce the material cost by consolidating automotive interior plastic materials as well as by using available conventional PP.