Hybrid vehicles complementing growth of EVs in India: HSBC report

Q: How long will it take to read this news story?

The story "Hybrid vehicles complementing growth of EVs in India: HSBC report" has 534 words across 17 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Hybrid vehicles complementing growth of EVs in India: HSBC report" was covered 8 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 276 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #28923601</li><li>URL: https://web17077.beamstart.com/news/hybrid-vehicles-complementing-growth-of-1747995094</li></ul>

Business Standard Logo Business Standard 8h ago

Hybrid vehicles complementing growth of EVs in India: HSBC report - Business Standard

Quick Summary:

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.