The 246 GT was powered by an enlarged 2.4 L V6 engine, producing with 195 PS (143 kW; 192 hp) at 7,600 rpm in European specification. Initially available as a fixed-top GT coupé, a targa topped GTS was also offered after 1971.
Other notable changes from the 206 were the body, now made of steel instead of aluminium, and a 60 mm (2.4 in) longer wheelbase than the 206. Three series of the Dino 246 GT were built, with differences in wheels, windshield wiper coverage, and engine ventilation. Dino 246 production numbered 2,295 GTs and 1,274 GTSs, for a total production run of 3,569.