Just noticed that "Video Converter Pro" (Free) can convert video files into almost all of the formats even DivX/VOB.
@OP: Try the above software

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I Don't think that will give a non-standalone support with the necessary files and VIDEO_TS folder !!
thanks topgear for changing title. .

i just want to convert a mp4 video and burn on dvd to play on dvd player. Btw that dvd player of mine is 3 year old.
It Doesn't bother how old

Mine is 4.5 yrs old and supports DivX and i mean XviD
Check whether in your DVD player it has written 'DivX'

If it says so then there is a better chance for Quality !
If not
For best Compatibility use ConvertXtoDVD - Free software downloads and software reviews - CNET Downloads
(shareware)
or use an alternative !
It will work llike charm
I have mass experience in this field !
PM me for software details !