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Following its Geneva reveal last year, full UK prices and specifications of the all-new Fiat Tipo hatchback and estate have been revealed.

Prices start at £12,995 for the base hatch rising to £18,995 for the highest spec diesel. The Station Wagon costs £1000 more across the board. Fiat has undercut its rivals by making the Tipo considerably cheaper than most cars in the family hatch segment.

Fiat has yet to announce the names for each trim level, but the cheapest models come with with air conditioning, front electric windows, six airbags, DAB digital radio, split folding rear seats, a front seat centre arm rest and Bluetooth connectivity with steering wheel remote controls. There are two engines available at this level, a 1.4-litre petrol and a 1.3-litre diesel.

You have to opt for the mid-range trim level to get the full choice of motors. It also benefits from a five-inch touchscreen infotainment system, a leather steering wheel and gear knob, LED daytime running lights, 16-inch alloy wheels, rear parking sensors and cruise control. The price for the mid-level trim is £1,000 above that of the equivalent entry-level Tipo.

A top of the range Tipo will have satellite navigation with TomTom HD Traffic, climate control, 17-inch alloy wheels, automatic lights and wipers, rear view camera, driver’s lumbar support and a chrome pack all as standard.

Key options include leather upholstery with heated seats (£750) and a safety pack which offers a speed limiter and Automatic Emergency Braking for £250. Adding adaptive cruise control in addition to the speed limiter and AEB costs £500.

Fiat claim the Tipo is capable of accommodating three six-feet-plus adult passengers in the rear within its 4.37m long, 1.79m wide and 1.50m tall dimensions. The hatch has a boot capacity of 440 litres and the Station Wagon adds an additional 110 litres. The Station Wagon can also carry loads of up to 1.8m in length courtesy of an extra 20cm of length.

There are three petrol engines available; a 1.4-litre 16v producing 95hp, a 1.4 T-Jet turbo petrol with 120hp and the 1.6-litre e-TorQ engine producing 110hp which is combined exclusively to a six-speed, torque converter automatic transmission.

The entry-level 1.4-litre 16v has an official fuel economy figure of 49.6mpg for both body styles and their CO2 emissions are both 132g/km. The 1.4-litre T-Jet engine has a top speed of 124mph and manages 47.1mpg and 139g/km. Prices for the 1.4 T-Jet start at just £14,995. The £15,995 1.6 petrol achieves 44.8mpg with its auto gearbox and emits of 147g/km of co2.

The two diesel engines comprise of a 1.3-litre MultiJet II producing 95hp and a 1.6-litre MultiJet II with an output of 120hp. Both engines achieve co2 emissions of 99g/km or less.

The 1.3-litre uses a variable geometry turbo charger and a common rail injection system. It is equipped with a five-speed manual gearbox and Start & Stop as standard. 200Nm of torque is available from 1,500 rpm. Official fuel economy is 76.3mpg with prices from £14,995.

The more powerful 1.6 unit is combined with a six-speed manual gearbox or Fiat’s new DDCT six-speed dual clutch automatic transmission. Despite a power hike it still manages 76.3mpg and 98g/km. Full performance and economy figures for the DDCT will be announced shortly.