Citra (drink) explained

Citra
Type:Citrus flavored soda
Manufacturer:The Coca-Cola Company
Origin:India
Introduced:1980s, 2012
Colour:Clear
Flavour:Lemon and Lime

Citra was a clear lemon- and lime-flavoured soda sold in India in the 1980s and early 1990s.[1] Citra was owned by Parle Bisleri. Along with other Parle brands, Thums Up, Limca, Gold Spot and Maaza, Citra was sold to Coca-Cola in 1993 in a deal that was reportedly worth $40 million.[2] [3] At the time of sale, the Parle brands together had a 60% market share in the aerated water industry.[4] The brand was strong in South India.[5] Citra was phased out by the year 2000 to make way for Coke's international brand, Sprite.[6]

In 1998, Coke introduced a new drink in the US market also called Citra which was later renamed Fanta Citrus. Although the brand name was similar, this was a totally different grapefruit-based formula.[7] In February 2012, Coke announced that it was reviving the Citra brand in rural areas of Maharashtra and Gujarat on a pilot basis, on a price strategy that will be 20% cheaper than other Coke and competitor brands.[1] The relaunch is aimed at competing with smaller regional brands.[8] [1]

Notes and References

  1. News: Coca-Cola to revive Citra after 19 years, aims mopping up volumes. 22 February 2012. The Economic Times. 13 February 2012.
  2. Book: Kachru, Upendra. Strategic Management: Concepts and Cases. 2009. Excel Books India. 978-81-7446-424-8. 689, 690.
  3. News: Coke uncorks war of words with partner. 22 February 2012. Reading Eagle. 8 January 1995.
  4. Book: Ray, Pradeep Kanta. FDI and industrial organization in developing countries: the challenge of globalization in India. 2005. Ashgate Publishing, Ltd.. 0-7546-4322-0. 82.
  5. News: Market dynamics force Coke to delay launch of diet cola . 22 February 2012 . . 7 June 1998 . dead . https://web.archive.org/web/20120309151406/http://www.expressindia.com/news/fe/daily/19980607/15855064.html . 9 March 2012 .
  6. News: From household names to forgotten history: Story of India's grand old brands such as Binaca, Dalda & Moti Soaps. 22 February 2012. The Economic Times. 28 November 2011.
  7. News: Coca-Cola unveils new citrus-flavoured soda. 22 February 2012. Herald-Journal. 20 February 1998.
  8. News: Coke and Pepsi in war of flavours this season. 22 February 2012. The Times of India. 22 February 2012.