Hi Aniket,
Apologies for the delayed response here. Starting in R2024b, you can use the sim3d.Light actor in a Simulation 3D Actor block in Simulink to add any light to a 3D simulation. See an example here.
This feature also allows you to specify Light Functions to project images or load your own IES profile. You can attach this light to the Simulation 3D Vehicle with Ground Following, for example, to apply this light to an automotive context.
Hope that helps!
Nishan