A third generation of the Perodua Myvi had been rumored to come in the late 2017/early 2018. On 8 November 2017, Perodua announced that bookings for the 2018 Perodua Myvi have been opened.
This generation of Myvi was known to be locally made in-house, without rebadging from the third generation of Daihatsu Boon. Instead, the third generation Myvi was designed in-house by Perodua’s own design and styling division led by Muhamad Zamuren Musa, who also designed the Perodua Bezza.
The engines provided were improvised by Perodua for the new Myvi in order to enhance fuel efficiency and in acquiring the EEV standards as the Axia and Bezza.