This paper presents a tribological investigation of austenitic steel 21-4N exhaust valve material, dry sliding against ductile cast iron GGG-40 seat material, at a temperature of 500°C, to study the effect of increasing loads on tribofilm formation and retention at the contact interface. The effect of these tribofilms, on the friction and wear behaviour of the tribo-pair, is highlighted. High temperature reciprocating pin-on-disc tests were performed on a tribometer at loads of 20 N to 50 N with a constant stroke of 2 mm and an oscillating frequency of 20 Hz. A distinct running-in behaviour is observed at loads up to 40 N with the coefficient of friction attaining a very low and stable level with increase in sliding time. The average Coefficient of Friction ranges between 0.12 and 0.15. Optical/Scanning Electron Microscope micrographs and Energy Dispersive Spectroscopy analysis indicate the creation of compact and durable tribofilms at loads up to 40 N. At the highest load of 50 N, the Coefficient of Friction behaviour is slightly different. With a low value at the beginning, it shows an increasing trend and reaches a peak around the 10-min mark and reduces thereafter. At this load, despite indications of higher abrasive wear, the Coefficient of Friction behaviour, Optical/Scanning Electron Microscope micrographs and Energy Dispersive Spectroscopy analysis indicate evidence of early deterioration and subsequent reformation of the tribofilms with increase in sliding time. The seat material exhibited comparatively more wear than the valve material; however, the wear coefficients lie in the mild wear regime for the tribo-pair. The results of this investigation indicate the compatibility of the tribo-pair and suggest its use in the exhaust valve/seat application.