This case study examines Coca-Cola's decline in the Indian market between 1960-1984. During this period, Coca-Cola's market share fell from 41% to 24% as competitor Pepsi gained ground. Coca-Cola spent $4 million interviewing consumers but struggled to match changing preferences. In 1984, Coca-Cola introduced a new drink that tests showed was not as popular as Pepsi. By 1986, Coca-Cola launched a new product that helped regain market share from Pepsi. The key reasons for Coca-Cola's decline included changes in consumer preferences, production issues, and a less favorable political environment.