Vehicle dynamics is a vital area of automotive engineering that focuses on analyzing how a vehicle responds to driver inputs and external factors like road conditions and environmental influences. Achieving optimal performance, safety, and ride comfort requires a detailed understanding of longitudinal, lateral, and vertical dynamic behavior. The objective of this paper is to develop and validate the model of a concept Race car and evaluate its vehicle dynamics behavior using IPG CarMaker, a high-fidelity virtual testing environment widely used in industry. The model incorporates a range of vehicle parameters, including suspension parameters like spring and damper characteristics, mass distribution, tire properties and powertrain parameters. The performance evaluation is done as per standard guidelines, including Constant Radius turn test, Sine Steer test and other standard tests like Acceleration, Braking along with Ride and Comfort classification. The key parameters that are calculated and validated are vehicle accelerations in the principal axes, stopping distance, yaw velocity and yaw velocity gain, vehicle roll characteristics, steering parameters, ride and driver comfort metrics. Validation of simulation outputs is achieved through comparison with empirical data obtained from literature and mathematical calculations based on vehicle dynamics principles. The test results show a close correlation between mathematical and simulated values, therefore accurately predicting vehicle behavior.