The Fiat Fiorino, Citroën Nemo and Peugeot Bipper will go on sale next spring and will sit alongside the Doblo Cargo, Berlingo and Partner, which have slightly larger load capacities.
The new van represents a £265 million investment by the three manufacturers, £132 million of which went on research and development. It will be built at the Tofas plant in Turkey.
With a length of 3.86 metres, the new vehicle offers a load capacity of 2.5 cubic metres.
This can be increased to 2.8 cubic metres and the working length expanded to 2.5 metres if a fold-away passenger seat is specified. Payload is 610kg.
There will be a choice of 1.4-litre 75bhp petrol engine or 1.4-litre turbodiesel powerplant offering 70bhp.
The diesel emits just 119g/km of CO2 and returns 63mpg on the combined cycle.
An automatic option will be available on diesel versions.
Standard safety equipment will include ABS brakes and a driver’s airbag.
Rear parking sensors, a separate cab locking system and additional storage space will be available as paid-for options.
A Fiat spokesman said: “The new Fiorino represents a whole new choice for the light van market thanks to its compact style, useful performance and exciting styling.
The new vehicle is easy to park and highly economical to run.”
A Citroën spokesman added: “The new Nemo is set to make a real splash in the ultra-competitive LCV sector. It neatly complements our existing range.”