The Ralliart was for Mitsubishi Colt, what the GTI was for the Volkswagen Polo: a special version meant for those who want more from a little car.
While the world economy started to collapse, affected by the financial crisis, Mitsubishi refreshed the 2003 Colt small-segment MPV. The vehicle was available in a three and five-door version. The new Ralliart package was more than just a sticker on the tailgate and some decals on the sides.

Mitsubishi offered the 150 hp Colt only on the 3-door version for the non-facelifted model. That was corrected after 2008 when that engine was available for the 5-door as well. Both vehicles featured a new front fascia, with a “Jet Fighter” grille design. That wide opening continued from the hood to the lower apron in an A-shaped form. The inspiration came from the flagship model Lancer Evolution X. On the sides, the B- and C-pillars received a black foil to create the floating roof design look. For the five-door, the D-pillar received the same treatment. At the back, on top of the tailgate, a roof-spoiler enhanced the car’s sporty look.

Inside, the car featured more hard-plastic areas on the door panels, the dashboard, and the ridiculously small center console. At least, it offered two cup-holders for the front occupants. There was a pattern on that plastic that made it look better. The instrument cluster didn’t look to have a high-quality. Still, it provided all the necessary information about the revs, the speed, coolant temperature, and the fuel level. On the three-door version, the shorter wheelbase reduced the legroom for the rear bench occupants.

Mitsubishi installed a 1.5-liter turbocharged engine under the hood, which provided 150 hp. It was mated to a standard 5-speed manual gearbox.