Based on the new 2012 Impreza, the new jacked-up small Subaru has yet to be confirmed for Australia - although a local launch appears likely.
"XV offers a clear indication of Subaru’s design direction from now on. There’s lots of great new Subaru technology in this sub compact SUV, making it a real fun machine," Subaru Australia MD Nick Senior said.
“We’ll look forward to bringing more XV news to Australia very soon.”
Among the XV-specific features are an unpainted black lower bumper and black wheel arch guards - but the concept's chrome roof rails look to have fallen off.
A new third-generation 2.0 litre boxer-engine sits under the bonnet of the XV, sending 110kW and 196Nm of torque through Subaru's 'symmetical' all-wheel-drive system.
Internationally, the XV will be offered with either a CVT automatic transmission with paddle shifts, or a traditional six-speed manual.
Fuel consumption with the manual transmission is listed at 6.9 l/100km for the manual, and 6.6 l/100km for the CVT.
Watch for news on an Australian debut to come in the following months.