The third-generation Mitsubishi Pajero Sport (KS and KR chassis designations) debuted in late 2015. It embraced the brand's 'Dynamic Shield' design language characterized by bold front chrome trim and slim LED headlights. While preserving high-strength ladder-frame construction, the rear suspension was upgraded to a coil-sprung design with a Panhard rod for enhanced high-speed stability. Engineering of the Pajero Sport III (KS) (factory code KS) emphasized high structural rigidity, aerodynamic efficiency, and optimized interior spatial packaging. Built with reinforced body structures utilizing high-tensile steel alloys, the platform delivered reduced curb weight alongside improved occupant crash protection. The vehicle was distributed globally in multiple configuration packages designed to satisfy diverse market demands and regional regulatory specifications.

Engine options feature a 3.0-liter 6B31 V6 petrol unit and a 2.4-liter 4N15 MIVEC turbodiesel engine developing 181 horsepower. Drivetrain highlights include an 8-speed Aisin automatic transmission and the Super Select II 4WD system incorporating off-road terrain modes and hill descent control. A major 2019 facelift updated the front fascia, added a digital instrument display, and introduced a power tailgate. The powertrain lineup incorporated efficient engine families paired with robust manual, automatic, or continuously variable transmissions depending on trim selection. Drivetrain engineering integrated advanced suspension tuning and traction management systems.