The present study investigated the machinability aspects, namely, surface roughness, sound intensity, power consumption, and crater wear, during dry turning of hardened AISI 4140 steel (63 HRC) employing (TiCN/Al2O3/TiN) multilayer-coated carbide inserts under dry cutting condition. The relationship between machining parameters and output parameters was determined using the Taguchi design. The analysis of variance was employed to evaluate the contributions of input parameters on output parameters. The main effect plots illustrated the impacts of cutting speed, feed, and depth of cut on response variables. Results show that the feed was the most dominant factor that affects surface roughness. Increasing the feed value increases the surface roughness, power consumption, and sound intensity. In the other part of this study, the constant values for feed (0.3 mm/rev), depth of cut (0.7 mm), and cutting speed (150 m/min) have been selected to evaluate a tool life that has 0.3 mm crater wear criteria. The results indicated that multilayer-coated carbide inserts presented very good tool life and reached 0.3 mm in 90 min. The experimental study results showed that chipping and abrasion were found to be the significant wear mechanism during hard turning of AISI 4140 steel. The cutting speed was the most significant parameter on the tool wear, although high cutting speed results the good surface finish but adversely increases the tool crater wear.