₹1,500-crore Navi Mumbai store, its second in India, opens doors on Friday targeting Indians with “big dreams and thin wallets".
Top company executives said Ikea also plans to open two smaller format stores in Mumbai in a year.The furniture, kitchen appliances and home accessories retailer has so far invested ₹7,000 crore in India, across its stores and fulfilment centres.
Its first store in India opened in Hyderabad in 2018.Ikea is already selling online in Pune, Mumbai and Hyderabad.The 530,000 sq.
ft Navi Mumbai store will offer the largest section for children that the retailer has in the world, learning from the response to its Hyderabad store.