Grep might be fine 99% of the time, but there's no reason to not drop a ripgrep binary on every machine I use regularly.
Ripgrep is faster across the board and has better defaults for working in Git repositories. Since I'm working with a large codebase managed in Git, it's a no-brainer.
grep is usable on very large code bases, because after the first scan, all the sources are loaded in the file system cache, so the successive grep are done in RAM and are very fast.
So much so that I almost never use ctags despite the improved semantic search (you can find more easily the exact identifiers and distinguish them by category). grep is just as fast and precise enough.
https://github.com/BurntSushi/ripgrep