IKEA accelerates India rollout: 4-6 new stores yearly, local sourcing to hit 50% by 2030

IKEA is shifting India strategy into higher gear with 4-6 new touchpoints annually across Hyderabad, Navi Mumbai, Bengaluru, Noida, Gurugram and Pune, blending large-format and city-centre formats. Local sourcing rises from 30% to 50% by 2030 via 45 suppliers, with Pune and Gurgaon hubs anchoring a 90%+ EV last-mile fleet.

— Source publishedTue, 19 Aug, 2025, 19:16 IST·First seen Sun, 7 Jun, 2026, 06:38 IST·Source Invest India · Retail & E-commerce

What happened

IKEA plans accelerated India expansion with 4-6 new touchpoints annually, mixing large-format and city-centre stores. Local sourcing to rise from 30% to 50% by

Key facts

  • Rs 10,500 crore phase-1 investment
  • 4-6 new touchpoints per year
  • local sourcing 30% to 50% by 2030
  • 45 suppliers
  • 90% EV fleet, 100% by 2030
  • EUR 250 million IKEA Foundation

Why this matters

IKEA's deepening 45-supplier base and Pune/Gurgaon hub buildout opens M&A and JV windows in Indian home furnishings manufacturing, EV logistics, and small-format urban retail real estate.