That price tag places the SVR at the top of the Range Rover Sport pile for a model that will take on the likes of the BMW X6 M, Mercedes-Benz ML63 AMG (soon to be known as GLE63), and Porsche Cayenne Turbo S.
Land Rover Australia says it has received more than 40 paid deposits already for the SVR, which takes its 5.0-litre supercharged V8 from the Jaguar R-S models and produces 405kW and 680Nm.
It can accelerate from 0-100km/h in 4.7 seconds – six-tenths faster than the SDV8 Rangie Sport – with a governed top speed of 260km/h.
A new quad exhaust system opens electronically controlled valves at 3000rpm to deliver the SVR’s full sound, while there are various systems in place to keep the SVR as flat and as neutrally balanced as possible around corners.
A recalibrated rear differential and torque vectoring help to minimise understeer and Active Roll Control uses hydraulic pumps on the front and rear axles to restrict body lean.
The SVR has adaptive dampers and its electric steering has been beefed up compared with other Sports.
Externally, it also varies from the rest of the range beneath it thanks to larger air intakes, a new grille, flared wheelarches and 21-inch wheels (with 22s optional).