Ikea’s entry to the Indian furniture market in July may trigger a price war
Ikea to enter the Indian furniture market with its Hyderabad store this July. The Swedish furniture maker could trigger a price war in India’s $49.5 billion furnishings market. Ikea will offer about 15% of its products at Rs200 or less and announced a tie-up with Urban Clap as its furniture assembly service partner to help customers with Ikea’s range of do-it-yourself (DIY) products. However, the company does not seem to be in a hurry to expand its India footprint with the Mumbai store expected to be launched only in mid-2019. Ikea has 403 stores across 49 markets in the world.
- Airtel hopes early amicable resolution of Niger tax dispute
- US markets: Dow, S&P dogged by growth worries, techs help Nasdaq bounce
- Plea in SC seeks modification of order remanding Jaypee insolvency case to NCLT
- Explainer: Role and responsibilities of Reserve Bank of India
- Opinion | Access to an airport lounge is your ticket to some relaxation time before a flight