Australia's 2-1 defeat in March 2001, after winning the first Test and forcing India to follow-on in the second, is the only serious blot on Waugh's spell in charge.
However fans will have forgiven him for this after all they had just beaten Pakistan 2-1 which was India's maiden Test and one-day series victories on Pakistani soil in the first full tour across the border in 14 years.
The new Mercedes car will break cover in a test at Valencia in Spain on 1-3 February, with Schumacher's team-mate Nico Rosberg set to be the first man at the wheel.