Parle Agro, better know for its popular mango drink Frooti, on Tuesday said it was re-entering the Rs. 15,000-crore Indian cola market after two decades with the launch Cafe Cuba - a coffee-flavoured carbonated drink.
The company had sold its carbonated soft drinks brands Thums Up, Limca, Gold Spot and Citra, to Coca-Cola in 1993 and had also signed a non-compete agreement for 10 years.
The company plans to roll out Cafe Cuba by January or February next year. It will be priced at Rs. 20 for a 250 ml can and Rs. 15 for 250 ml in a PET bottle. The product will also be available in 500 ml and 1 litre.
"The vision is to create a differentiated product," said Prakash Chauhan, chairman and MD, Parle Agro.