ZC72S, ZC82S

The thierd-gen Swift had its wheelbase extended by 50 millimeters over the previous second generation and has many visual updates. While the new car looks different from the old one, its design is an evolution of the radical second generation styling with a longer and more rounded appearance. Post-September 2010 Swifts are fitted with a heavily revised version of the K12 engine found in the Suzuki Wagon R+d. During September 2010, Suzuki in the United Kingdom released the third generation Swift onto British roads.

The new generation is expected to feature a 1.2-liter VVT petrol engine developing 92 bhp. In some countries, the 3rd generation of Suzuki Swift uses a 1.4-liter VVT petrol engine (K14B) which produces 95 hp.

In Thailand, the Swift is built locally and is part of the Thai government's eco-car program. The car is sold with a CVT automatic transmission on GA, GL and GLX variants; GA and GL variants are also offered with a five-speed manual transmission without anti-lock brakes.

For the Indonesian market, the Swift was launched on 20 September 2012 at the 20th Indonesia International Motor Show and sold in two trim levels, GL and GX, with manual or automatic transmission. The GS trim level was added on 6 June 2015, which was launched at the 2015 Jakarta Fair. Sales of the Swift in that market were ended in April 2017. It was replaced by the Baleno hatchback in August 2017, which is slightly bigger and positioned in the same class as the Swift, as the fourth generation Swift is not released in that market.

For the Malaysian market, the Swift was released on 12 July 2013.

As with the previous generation, a four-door notchback saloon model was developed for India by Maruti in 2012. This is shorter than the previous generation; now at 3.99 m (157 in) it falls underneath an important tax threshold at four metres of length.

Swift S-Concept

The Suzuki Swift S-Concept was at the 2011 Australian International Motor Show. The concept car is powered by a 1.6-litre 4-cylinder engine combined with a six-speed manual transmission. At Paris, it was rumored that the next Swift Sport would get a 150-hp (112-kW / 152-PS), a 22 percent increase over the 2010 model. Riding on 18-inch wheels, the car now features a large spoiler, new headlights and rear lighting clusters. It has also been brought closer to the ground. Inside, designers included bucket seats, a new steering wheel, different instrumentation and carbon fiber trim.

Swift Sport (2012–2017) (ZC32S)

The 2012 Suzuki Swift Sport is powered by a revised 1.6-litre four-cylinder engine producing 100 kW (130 hp) and 160 N⋅m (120 lb⋅ft) torque. The 2012 model comes with the option of a six-speed manual transmission or a high performance CVT transmission with seven-speed manual mode and paddle shifters.

Riding on light weight 17-inch alloys, the car now features a rear spoiler, a large front grille, body kit, new HID headlights and rear lighting clusters. The ground clearance is also lower than the normal version. Inside, designers included leather bucket seats with sporty red stitching and "Sport" mark, a new steering wheel and different instrumentation.

In January 2014, The Swift Sport was updated to include a 6.1-inch combined satnav/dab radio infotainment touchscreen as standard.

Swift Sport SZ-R

In the United Kingdom Suzuki has released another special edition of the Swift, the SZ-R, with a list price of £14,249 and limited to just 100 units. The SZ-R has a 136HP VVT engine and is capable of doing 0 to 62 mph in 8.7 seconds, and reaching a top speed of 121 mph, while returning 44 mpg. It is equipped with seven airbags, auto air conditioning, cruise control, Bluetooth connectivity and USB port, rear privacy glass and 17-inch wheels.

2013 update

For 2013, Suzuki updated the Swift with some minor cosmetic changes such as a revised front bumper, L-shaped LED daytime running lights on the foglamp housings, fresh 16-inch wheels, LED-type high-level brake lamp and new seat fabric design.

For the Japanese market, it features Suzuki's newly developed DUAL JET ENGINE as well as Suzuki's ENE-CHARGE system and ECO-COOL, implemented from the Suzuki Wagon R. The new DUAL JET ENGINE uses the dual injection system on its 1.2 L petrol engine and it works by increasing vaporization, making combustion more efficient. It channels fuel to two intake ports instead of only one per cylinder.

With the DUAL JET ENGINE and the ENE-CHARGE, fuel economy is now up to 26.4 km/L, calculated based on JC08 mode.

Maruti Suzuki

In August 2011, Maruti launched the all-new third-generation Swift, with 1.2 L K-series petrol and 1.3 L DDiS engines. Maruti Suzuki later launched the midlife facelift of Swift on 28 October 2014. The facelift comes with both cosmetic and mechanical upgrades. The manufacturer also includes a new variant called LXI (O) and introduced three new colours namely Mysterious Violet, Fire Red and Granite Gray.

DZire

Maruti Suzuki in India launched the second generation of its sedan Maruti Suzuki DZire (known as DZire as of 2012), which is based on the third-generation Swift on 1 February 2012. Unlike the previous generation, it is a compact sedan under 4000 mm. It shares its engines with the hatchback. Like the previous car, changes to the suspension have been made. It also has two-tone beige and black interiors, unlike the hatchback's all-black interiors.

Motorsport

In 2009, Peter Scott won the Suzuki Swift Cup, the junior swift cup and the British Rally Championship R1 class.