Latest news with #HSBCGlobalResearch
Yahoo
5 days ago
- Business
- Yahoo
Recent Volatility in JGB Market ‘Bound to Unnerve Investors,' HSBC Global Research Says
0303 GMT — Recent volatility in JGB market is 'bound to unnerve investors,' three members of HSBC Global Research say in a research report. 'Insurers, the traditional and stable domestic investor base of super-long JGBs, have been sitting on the sidelines,' they say. There is also worry over 'how the volatility in the long-end could reverberate through to the shorter part of the curve, which will then have an impact on the real economy,' they add.
CNBC
5 days ago
- Business
- CNBC
HSBC strategist on why he particularly likes India and Taiwan markets now given all the uncertainty
Herald van der Linde from HSBC Global Research shares his Asian markets picks and explains why 'particularly cheap' South Korean equities could outperform Taiwanese equities this year.
Time of India
24-05-2025
- Automotive
- Time of India
Hybrids complement EVs to drive diverse powertrain demand: Study
1 2 Kolkata: An HSBC Global Research on the Indian automobile market revealed that demand for multiple powertrains will persist in the country over the medium and long term. At present, the powertrain mix in India is petrol 65%, diesel 18%, CNG 12%, hybrid 2% and EV 2%. According to the study, hybrids in India can take up the share of diesel and reach 18-20%, similar to Europe, where the share of diesel declined from 51.6% in 2015 to 9.5% at present, while that of hybrids increased from 1.6% to 35.5% over these 10 years. The study further pointed out that, contrary to popular assumptions, hybrids are not competing with EVs now but are rather complementary to them. In states with hybrid incentives, EVs have grown more even after incentives were announced. Battery electric vehicle (BEV) sales in Rajasthan increased by 150% since the introduction of strong hybrid electric vehicles (SHEV), 134% in Haryana, 47% in UP, 61% in Chhattisgarh and 20% in Chandigarh. "This trend suggests that SHEV adoption is having a positive effect on BEV sales. SHEVs are not cannibalising each other but, rather, are attracting different sets of customers," the HSBC report stated. In India, Toyota, Maruti Suzuki, Honda, MG, Mercedes-Benz, Volvo, and Lexus offer strong hybrid vehicles along with petrol powertrains. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo Mahindra and Tata are also exploring hybrid options. While the focus was on the growth of EV sales in recent years, hybrid vehicles, including strong hybrids and plug-in hybrids, witnessed even faster growth, not just in India but in other markets, including China, Japan, Korea, the UK, France, and the US. Get the latest lifestyle updates on Times of India, along with Brother's Day wishes , messages and quotes !
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Business Standard
23-05-2025
- Automotive
- Business Standard
Hybrid vehicles complementing growth of EVs in India: HSBC report
Hybrid vehicles have complemented the growth of electric vehicle sales in India rather than competing with the latter, according to a report by HSBC Global Research. Reiterating that the Indian automotive landscape will remain a multi-powertrain industry over the medium to long term, HSBC Global Research said hybrids, CNGs, and biofuels are practical medium- to long-term solutions, while the country moves towards eventual electrification. "We think Strong Hybrid Electric Vehicles (SHEVs) and Battery Electric Vehicles (BEVs) are not cannibalising each other but, rather, are attracting different sets of customers," the report said. In states where incentives are offered for SHEVs, BEV sales have also seen strong growth, it added. "In FY25, the growth in EV sales was similar to the growth in SHEV sales, despite incentives being offered on SHEVs by Uttar Pradesh, the largest PV-selling state in India. This trend suggests that SHEV adoption is having a positive effect on BEV sales," the report pointed out. Asserting that the perception that promoting SHEVs will hinder EV adoption is misplaced, the report said, "This is not a zero-sum game, but rather an incremental opportunity where incentivising SHEVs contributes to the broader development of the clean mobility ecosystem, benefiting BEVs and advancing overall market growth." It noted that EV penetration has improved with new model launches over the last six months. Four-wheeler (4W) EV penetration has improved from 1.9 per cent in the first half of FY25 to 2.5 per cent in the fourth quarter of FY25 and 3.2 per cent in the first quarter of QFY26 quarter-to-date period, driven by launch on MG Windsor and M&M BEVs, the report said. The SHEV share in total PV has increased to 2.4 per cent in FY25 from 2.1 per cent in FY24. Customers are willing to buy an EV if the value proposition is right, it said, citing examples of MG Windsor which addressed concerns about the replacement cost of the battery after 7-8 years by giving leasing solutions; while M&M's BEVs addressed the range anxiety concerns with a large battery and made EV a style statement. The report noted that SHEVs, launched by MSIL and Toyota Kirloskar in September 2022, appear to have gained market share from diesel variants during FY23 and FY24. However, hybrids stabilised in FY25 as the share from diesel variants was stable during the year. This was despite incentives being offered by multiple states during the year, it said, adding that new model launches and government incentives will drive hybrid penetration growth in the near term.
NDTV
23-05-2025
- Automotive
- NDTV
Indias Electric Vehicle Penetration Banking On Hybrid Cars: HSBC
New Delhi: Hybrid vehicles have complemented the growth of electric vehicle sales in India rather than competing with the latter, according to a report by HSBC Global Research. Reiterating that the Indian automotive landscape will remain a multi-powertrain industry over the medium to long term, HSBC Global Research said hybrids, CNGs, and biofuels are practical medium- to long-term solutions, while the country moves towards eventual electrification. "We think Strong Hybrid Electric Vehicles (SHEVs) and Battery Electric Vehicles (BEVs) are not cannibalising each other but, rather, are attracting different sets of customers," the report said. In states where incentives are offered for SHEVs, BEV sales have also seen strong growth, it added. "In FY25, the growth in EV sales was similar to the growth in SHEV sales, despite incentives being offered on SHEVs by Uttar Pradesh, the largest PV-selling state in India. This trend suggests that SHEV adoption is having a positive effect on BEV sales," the report pointed out. Also Read - Kia Carens Clavis Variant-Wise Price Revealed Asserting that the perception that promoting SHEVs will hinder EV adoption is misplaced, the report said, "This is not a zero-sum game, but rather an incremental opportunity where incentivising SHEVs contributes to the broader development of the clean mobility ecosystem, benefiting BEVs and advancing overall market growth." It noted that EV penetration has improved with new model launches over the last six months. Four-wheeler (4W) EV penetration has improved from 1.9 per cent in the first half of FY25 to 2.5 per cent in the fourth quarter of FY25 and 3.2 per cent in the first quarter of QFY26 quarter-to-date period, driven by launch on MG Windsor and M&M BEVs, the report said. The SHEV share in total PV has increased to 2.4 per cent in FY25 from 2.1 per cent in FY24. Customers are willing to buy an EV if the value proposition is right, it said, citing examples of MG Windsor which addressed concerns about the replacement cost of the battery after 7-8 years by giving leasing solutions; while M&M's BEVs addressed the range anxiety concerns with a large battery and made EV a style statement. The report noted that SHEVs, launched by MSIL and Toyota Kirloskar in September 2022, appear to have gained market share from diesel variants during FY23 and FY24. However, hybrids stabilised in FY25 as the share from diesel variants was stable during the year. This was despite incentives being offered by multiple states during the year, it said, adding that new model launches and government incentives will drive hybrid penetration growth in the near term.
