The Espada S3 was launched in 1972. With this revision, the interior now incorporated a redesigned aluminum-trimmed instrument panel that kept all instruments and most controls (including the radio) within easy reach of the driver. Several exterior changes were also made. Newly designed wheels on five-stud hubs replaced the earlier knock-off wheels. These wheels were also used on some late S2 Espadas. They were fitted with wider Pirelli Cinturato 215/70WR15 CN12 tyres. The front grille now had a square instead of hexagonal mesh. New tail lights were used, sourced from the Alfa Romeo 2000. A sunroof was now available as an option.