The Italian small car boasts a 0-100km/h sprint time of just 8.9 seconds, making it the fastest little Fiat here, until the Abarth arrives midyear.
But if you can't wait that long, the T-Jet offers performance and economy, says Fiat.
The more aggressive Abarth will also feature a 1.4-litre turbo petrol engine that offers 116kW of power and 206Nm of torque (230Nm on over boost) which, with a six-speed manual gearbox, will sprint from zero to 100km/h in 8.2 seconds.
Fiat Australia general manager David Stone says the 1.4-litre T-Jet is the engine of the future. “The highly efficient 1.4 gains a turbocharger to produce power and torque levels the equivalent of a two-litre engine,” he says.
Fiat is claiming the Punto Turbo Sport is one of the quickest and one of the most economical sub-$30,000 hot hatches. The low-pressure turbo 1.4-litre engine ups the power from 57kW to 90kW and torque from 115Nm to 206Nm. Fiat says 200Nm is on tap from 1700rpm.
But the engine needs just 6.6 litres of petrol to cover 100km while emissions are 155g/km.
The turbocharged five-speed manual car has not gained much weight, according to the manufacturer, helping performance, economy and keeping the little Fiat's good road manners intact.
The Punto T-Jet will slot into the Fiat range beneath the range-topping Sport 1.9 JTD turbodiesel, with similar equipment levels. Among the features are ABS brakes, stability control, a hill holder, 17in alloy wheels, colour-coded body kit, sports seats, a leather-trimmed sports steering wheel and gear shifter.
The T-Jet also gets sports-tuned suspension, power steering, power windows, power mirrors, cruise control, airconditioning and remote central locking.
Mr Stone believes the addition of the T-Jet gives the Punto range a car to suit a wide variety of buyers. “Each power unit offers its own blend of performance, economy and purchase price to offer buyers of small cars the ability to tailor a Punto to their own particular budget and motoring needs,” he says.
“Whichever Punto they buy, they will own a car with benchmark safety, superb good looks and a small car that has something only a Fiat can offer - Italian soul.”
The Fiat Punto Sport T-Jet will carry a $25,990 price tag and deliveries start today