Fiat’s 2012 model year 2012 Punto is now priced from £9,990 for the entry level Pop 1.2-litre.

The top of the range Lounge 1.3 MultiJet will be priced from £15,600.

Available initially with a choice of six Euro V engines – and with a TwinAir version coming in April – all fitted with Start&Stop as standard, the new Punto comes in a more simplified line-up of three main levels, similar to the Fiat 500 and forthcoming new Panda – Pop (base), Easy (mid) and Lounge (high).

Added to these are a sports version based on the Easy level grade called GBT, which will lead the advertising campaign developing within the sports association between Fiat UK and British Cycling.

The big news for new Punto is the addition of two new engines – an 85hp version of the MultiJet diesel engine and the 85hp TwinAir.

The full list will comprise: 1.2 8-valve petrol (69hp), 1.4 8-valve petrol (77hp), 1.4 16-valve MultiAir petrol (105hp and 135hp), TwinAir 0.9-litre petrol (85hp) and 1.3 16-valve MultiJet diesel (75hp and 85hp).

Styling changes include colour coded front and rear bumpers, while three new exterior colours are introduced: Brit Pop blue, tango red and underground grey.

Standard equipment in the entry-level Pop model includes remote central locking, electric front windows, driver and passenger airbags, window airbags, radio/CD/MP3 player, electric power steering and height-adjustable driver seat.

Easy trim level adds leather steering wheel, 15-inch alloy wheels, and air conditioning, GBT level additionally gets sport suspension, rear spoiler and side skirts, while Lounge adds climate control, front fog lamps, cruise control, ambient interior lighting and electric sunroof.

Elena Bernardelli, Fiat Group Automobiles UK marketing director, said: “The Punto range has been – and still is – an important car in the Fiat line-up.

“The Punto is up against some tough competition in its sector but we are confident that we are able to offer an attractive package at exceptional value-for-money prices to keep it a viable and desirable proposition.”