Yes Heena, The Design Village do have masters program in Product design. 

WHAT IS PRODUCT DESIGN? 

Product design is a course of design that process imagination, creation and iteration of products that solve user's problems or address specific needs of a specific market. Understanding the user's or customer's need for whom the product is being created will lead one to a successful product design learning. 

INTRODUCTION TO TDV

TDV or The design village is a college for Design based in Delhi. It offers under graduation and post graduation degrees in collaboration with Shri Venkateshwara University. TDV offers both under graduation and post graduation courses and take admission on the basis of TDV's entrance examination. Candidates who have finished their Intermediate and graduation examinations are eligible to give the TDV exam for B. Des and M. Des. 

VARIOUS MASTER COURSES THAT TDV OFFERS ARE- 

• M. Des in Fashion and Textile Design
• M. Des in Graphic 
• M. Des in Product Design
• M. Des in Interior Design

COST OF MASTER DEGREE COURSES AT TDV

Master courses or M. Des degree are 2 year course divided into 4 semester. 

• 1ST YEAR-

Collaboration fees- ₹50000

Tuition fees- ₹100000 (per semester)

Atelier, Labs, Library Fee- ₹50000 (per semester)

• 2ND YEAR- 

Collaboration fees- ₹1,50,000

Tuition fees- ₹2,25,000 and ₹1,75,000

Atelier, Labs, Library Fee- ₹50000 (per semester)

GRAND TOTAL- ₹10,00,000

ONE TIME FEE FOR B. DES OR M. DES ADMISSION-

Registration Fee (Non Refundable)- ₹25000

Refundable Security- ₹25000

Summer school security (Refundable)- ₹50000

TOTAL (ONE TIME) - ₹1, 00,000

Hope this will help you Heena!