Yes interesting this. I think we can all say now that it's a mercedes G-Wagon competitor.. but in fairness I don't think that was the original pitch at all.
It was very much a utilitarian vehicle.
And all the early 2020 reports were of a 70-80k starting price. And I think 80 was in fact the initial base price if I remember. The thing is even 80-90 is a very very different proposition to 130 and up which is where we are now. There is competition. And can a 130k car actually be a utility vehicle (I don't think so).
https://practicalmotoring.com.au/car-news/ineos-grenadier-revealed-and-confirmed-for-australia/
https://unsealed4x4.com.au/all-new-ineos-grenadier-4x4-wagon-and-ute-here-soon-from-around-80k/
So now we've had this revelation that the grenadier is actually not a original defender replacement but a competitor for an existing niche premium vehicle that's still in production.. IMHO the question remains - who is going to buy these cars once the initial rush dies down.
Because I'm pretty sure that of the group of people that bought the original defender very few (but clearly some did!) of them cross shopped the G-Wagon as a competitor. I remain convinced that they are going to struggle to sell them at the new price. Far far to expensive for the utility market, but too basic for the premium 4x4 market. Possibly people shopping for a new Discovery or Defender or whatever they've called it. We don't have visibility of what Ineos have plans for in terms of volume but maybe they are totally happy with tiny volumes. I reckon it's going to be a challenge to develop a meaningful remote support network with these volumes.
It also means that the original Defender market is still up for grabs. I agree with ASPW. a larger 5 door Suzuki Jimny would be awesome. Shame Suzuki don't do large cars. Time will tell. Lucky what I've got now still works as well or better than ever. It is what it is.