Like its predecessor, the Audi TT FV/8S was previewed in the form of the Audi Allroad Shooting Brake concept car, shown at the Detroit Motor Show in 2014.[50]

The third generation of the TT was unveiled at the 2014 Geneva Motor Show.[51] The FV/8S generation utilises the Volkswagen Group MQB platform, and is available with a choice of TFSI and TDI engines. The 2.0 TFSI is available in two versions: a version producing 169 kW (230 PS; 227 hp) and 370 N⋅m (272.90 lb⋅ft) of torque in the TT and a version producing 228 kW (310 PS; 306 hp) and 380 N⋅m (280.27 lb⋅ft) of torque in the TTS. A 2.0 TDI Inline-four engine producing 135 kW (184 PS; 181 hp) and 380 N⋅m (280.27 lb⋅ft) of torque is also available as an option for the TT. The TFSI engines are available with quattro all wheel drive. The TDI comes in front wheel drive configuration, but was then later released with the Audi's quattro all wheel drive.[52]

The interior of the third generation Audi TT is notable for its HVAC design, featuring temperature and airflow controls that are embedded in the air-vents themselves, hence improving ergonomics.[53]

In the US, this generation was available from Model Year 2016 onward.[54] It was announced in May 2019 that the current generation TT would be the last, and it would be discontinued at the end of the model's lifecycle