The fourth-generation Caddy was unveiled in February 2020. For the first time, it is based on the Volkswagen MQB platform. The Caddy is available in a light commercial vehicle (LCV) variant with two seats (Caddy Cargo) or a multi-purpose vehicle (MPV) with five or seven seats (Caddy/Caddy Life).

The vehicle was fitted with either the 8.25" MIB3 Entry Composition all-in-one radio or the MIB3 Infotainment Ready 2 Discover system.