“There is no truth to the rumors that The Coca-Cola Company has plans to sell Hindustan Coca-Cola Beverages. Our current bottling structure in India – a Company owned bottler and 13 other franchise bottlers – has been working very well. Together we have built a strong foundation for our businesses in India. Our bottling system is investing in innovation, infrastructure, technical capabilities, talent acquisition and business expansion. We are together focused on being a world class manufacturing and sales organization.”

For Context

“The Coca-Cola Company announced accelerated bottling refranchising efforts in North America and China, similar to other initiatives underway in Europe and Africa. This relates to our current strategy in those markets but no changes are under way in India.”