As per the company's latest filings, Vivo India's revenue increased by 45% in 2020 from ₹17,201.7 crore to ₹25,060 crore, while losses widened from ₹18.94 crore to ₹348.94 crore. Currently, Vivo occupies 16% of the smartphone market share in India with over 70,000 retail outlets and a yearly production capacity of 33 million units, coming in after Xiaomi and Samsung.