Available in both sedan and sportback guise, the Ralliart Lancer is powered by a slightly detuned version of the Evolution's 2.0-litre turbocharged engine.
The motor develops 177kW of peak power and 343Nm at 4750rpm.
This is coupled to the brand's new SST twin clutch transmission as standard from the Evolution complete with steering wheel paddle shifters.
The all-wheel drive system, including Active Traction Control, Active Stability Control, ABS with Electronic Brakeforce Distribution and Brake Assist, Active Centre Differential and Electronic Control (with console mounted switch) and Rear mechanical Limited Slip Differential have all been handed down from the Evolution.
Vehicle dynamics are further supported by the high performance suspension, including front McPherson strut suspension and rear multi-link suspension, front and rear stabiliser bars and front strut tower bar.
The new Ralliart Lancer is priced from just $42,490 which includes the standard TC-SST.