New Delhi, August 14, 2025 — Global furniture retailer IKEA has marked its entry into North India with the opening of its first store in Delhi’s Pacific Mall, Tagore Garden. This launch signals the start of a renewed growth push, as the Swedish brand prepares to unveil its next phase of investment in the Indian market after fully utilising its initial ₹10,500 crore commitment.
Major Expansion Plans in the Pipeline
According to company executives, large-format stores are already being planned for Chennai and Pune. Alongside these flagship outlets, IKEA will continue its strategy of launching smaller city-focused stores, a move aimed at increasing accessibility and tapping into urban demand.
Patrik Antoni, the newly appointed CEO of IKEA India, confirmed that details on the new investment package will be shared in the coming months, aligning the announcement with the company’s broader expansion roadmap.
Ingka Centres to Anchor New Growth Hubs
IKEA’s parent company, the Ingka Group, is investing over ₹7,500 crore into two major Ingka Centres in Gurugramand Noida. These mixed-use developments will combine office spaces, retail zones, and an IKEA store in each location.
- Gurugram opening: 2026
- Noida opening: 2028
Susanne Pulverer, IKEA India’s Country Retail Manager and Chief Sustainability Officer, confirmed that the funds for these developments are drawn from the initial India investment, with the company now preparing for its next round of capital deployment.
A Strategic Blend of Formats and Channels
The new Delhi store spans 15,000 sq. ft, housing over 2,000 products, with about 800 available for immediate purchase. Earlier this year, IKEA opened its first Plan & Order Point (PaOP) in Bengaluru — a consultation-focused outlet where customers receive design and planning support for their homes.
This multi-format retail strategy forms part of IKEA’s second growth phase in India, an omnichannel model blending:
- Large-format destination stores
- Smaller, high-footfall urban outlets
- A growing online sales platform (currently contributing around 30% of India revenues)
Local Sourcing and Long-Term Vision
IKEA sees India as a 30-year growth market, citing sustained economic expansion, a youthful demographic profile, and the rise of nuclear families entering the consumption economy.
One key pillar of its India strategy is increasing local sourcing for retail operations from the current 30% to 50% within five years — a move that could boost supply chain efficiency while aligning with “Make in India” objectives.
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IMAGE: Bloomberg
