IKEA doubles investment in India to $2.2B, expanding to 30 stores and launching online sales in four new cities.

As part of a digital-first strategy, IKEA intends to more than double its investment in India to $2.2 billion over a five-year period, opening 30 stores and starting online operations in four new cities, including Chennai and Coimbatore. The company, which made its debut in India in 2018, reported a 6% increase in sales to 18.61 billion rupees by August 2025 and plans to quadruple that amount. Additionally, it will support growth in spite of U.S. tariffs on certain Indian goods by doubling domestic production for both local and export markets to €800 million ($930 million). The action demonstrates a strong belief in the long-term market potential of India's youthful, internet-savvy consumers.