They need to sell 25k a year to break even apparently, looking back at sales of the old Defender it never got above about 10k a year in the last 15-20 years. I really can’t see how they expect to sell 25k of them.
They are actually stating it won’t be great on-road as it will be off-roads focused, that will put a number of people off as even the last of the old defenders were better on road due to much stiffer roll bars etc, which compromised the off road abilities
There is a market for it but I think it is very small. Farmers etc have moved on, they all have pick-ups nowadays for most of their work and the ATV’s etc if they need to go properly off-road, so that market has gone (Pick-ups are much cheaper than the Ineos).
Also, it doesn’t have a badge that people aspire too, be that Merc G-Wagan, Land Rover etc.
Comments above about the BMW Mini are largely irrelevant here as that actually has the correct badge, the original new Mini was designed and developed by Rover so still had the ‘DNA’ of the original, the Ineos has as much relevancy to the old Defender as any other Chinese copy would. Also, it will depend on their plans for dealerships etc. to allow people to buy it and get back-up.
It’s also 2 years away from actually happening and there will be a lot of stuff coming out between now and then.