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We revealed its existence last month, and we now have full details plus live pictures of the new Mitsubishi Lancer 2.0 GTE. This is quite significant for long-time Lancer fans, as it offers new features, yet at a lower price than the outgoing Lancer GT.

Let’s get the price out of the way first – this new model goes for RM118,888 (or RM115,590 without insurance), which is a healthy reduction from the RM129,025 (with insurance, RM125,467 without) 2012 Lancer GT. This move draws the CBU Mitsubishi level with the CKD Kia Cerato 2.0.

Despite this RM10,000-odd price cut, the new GTE gains a few additional features over the old model, namely a keyless operation system (with a turn-to-start knob), a sunroof, rear seat ISOFIX anchors and a knee airbag for the driver (making a total of three airbags).

The rest of the vehicle stays as before, so you still get the large 18-inch wheels, all-around bodykit with LED DRLs, rear spoiler and automatic (halogen) headlights and wipers. A reverse camera (through the 6.1-inch touchscreen head unit), magnesium paddle shifters, cruise control, single-zone climate control and Nappa leather upholstery are on the standard kit list too.

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No changes to the mechanicals here, of course. Mitsubishi’s trusty 4B11 2.0 litre DOHC MIVEC engine continues on with its 150 PS at 6,000 rpm and 197 Nm of torque at 4,200 rpm. As before, an INVECS-III CVT transmission with a six-step sports mode turns the front wheels.

The rest of the spec sheet reads well for driving enthusiasts. Well, better than most C-segment sedans, at least. Hydraulic (as opposed to electric) power steering, four-wheel independent suspension (MacPherson struts up front, multi-link round the back), all-around disc brakes and 215/45 R18 Yokohama Advan tyres are all present.

Also unchanged are the three colour options – White Solid, Black Mica and Red Metallic. Check out the car’s full brochure and price list in the gallery below for more details. So, what do you think of the new Mitsubishi Lancer 2.0 GTE, gents? Is it back in the C-segment game?

Oh, and if you want to check the car out, it’ll be at Paradigm Mall this weekend =)