This new hatchback replaces the slow-selling Stilo range. Fiat decided to ditch the Stilo and bring back the Bravo nameplate - a name last used by Fiat back in 1995.
The Italian carmaker is also reintroducing the original Fiat logo with the launch of the Bravo.
Fiat claims that the Bravo was developed in record time, taking 18 months to become production ready.
Fiat is pinning its hopes on the Bravo saying it is "another step forward in the development of the brand's stylistic identity." Its styling is similar to that of the smaller Giugiaro-designed Grande Punto.
The Bravo also shares its design cues with that of the company's new Linea sedan model, which was unveiled last week. Fiat insiders say that a three-door version of the Bravo is also on the cards.
According to Fiat there will be five different four-cylinder engines, which include a new turbocharged 1.4-litre with either an output of 87 kW or 110 kW.
On the diesel side, Fiat will use their 1.9-litre unit.