World News

Coca-Cola to suspend production in India amid coronavirus lockdowns

BENGALURU (Reuters) – Coca-Cola’s India unit said on Tuesday it has temporarily suspended production at its manufacturing facilities across the country following widespread lockdowns to halt the spread of coronavirus.

The company said https://www.coca-colaindia.com/newsroom/press-releases/2020/press-note-coca-cola-india it would operate its manufacturing facilities in a “very small number” to provide essential beverages. A spokesperson told Reuters that the company will keep up production for essential beverages like bottled water.

The announcement comes amid a widespread shutdown of manufacturing and production facilities by various global and domestic companies in the country.

Ride-hailing firm Uber <UBER.N> on Monday suspended some or all ride services in 27 cities in India to comply with government directives.

The world’s largest beverage maker had last month warned of a 1 cent to 2 cent impact to its Q1 earnings per share due to impact of the coronavirus.

Coca-Cola rival PepsiCo Inc’s <PEP.O> bottling partner in India, Varun Beverages Ltd <VARB.NS>, also announced closure of all its corporate office and plants on Tuesday.

India has reported nearly 500 coronavirus cases and nine deaths from the COVID-19 disease it causes.

(Reporting by Anuron Kumar Mitra in Bengaluru)

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