The invention discloses modified PP, a preparation method thereof and a twin-screw extruder used for preparing the modified PP. The modified PP is prepared from, by weight, 22-36 parts of PP resin, 25-37 parts of EPDM, 10-45 parts of talcum powder, 12-23 parts of polycarbonate, 11-19 parts of polyamide, 9-16 parts of modified polyphenylene ether, 13-22 parts of thermoplastic polyester, 1-7 parts of a stabilizer, 2-9 parts of a compatibilizer and 2-7 parts of an antioxidant. The modified PP and the preparation method thereof have the advantages that by adopting the PP resin, the EPDM, T15 and the polycarbonate, the advantages of high impact, weather resistance, high mobility and sprayability can be improved; by adopting the PP resin, the EPDM, T20 and the polyamide, the advantages of high rigidity, weather resistance, scratch resistance and low odor can be improved; by adopting the PP resin, the EPDM, T30 and the modified polyphenylene ether, the advantages of rigidity and toughness balance and low shrinkage can be improved; by adopting the PP resin, the EPDM, T40 and the thermoplastic polyester, the advantages of high melt value, low odor and rigidity and toughness balance can be improved; the rigidity of a system is improved, and the molding shrinkage rate is reduced, thereby obtaining the reinforced PP material with excellent comprehensive performance.