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here is the sample i tried to get handlebars working:

<template lang="handlebars">
    <div class="text-center">
    <h1>{{title}}</h1>
    <div>
        {{data}}
    </div>
    </div>
</template>

<script>
  export default {
    data () {
      return {
        title: 'HBS DEMO',
        body: 'This is the body'
      }
  }
</script>

before i did run npm i handlebars handlebars-loader to install dependencies

it compiles and renders, but without data. data is not bound correctly. The context passed to handlebars template is ['handlebars', 'html', '..path to vue file...\xxx.vue'].
Seems it is just a matter of passing right context to template