<ul data-eligibleForWebStory="false"><li>HDFC Securities has identified Ashok Leyland, Ather Energy, and Bharat Forge as top stock picks in the auto sector.</li><li>Margins of key export companies might be impacted by rising ocean freight costs, particularly affecting Balkrishna Industries.</li><li>Higher raw material costs, like steel and platinum group metals, are expected to affect OEMs' gross margins.</li><li>Softer demand globally and domestically is impacting volume growth, with exceptions seen in companies like TVS Motor, Eicher Motors, and Mahindra and Mahindra.</li></ul>

Ashok Leyland, Ather Energy, Bharat Forge — HDFC Securities Top Stock Pick In Auto Sector; Q1 Results Preview

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