SSP, Batala, Inderbir Singh said Ashu Sharma, a resident of Ward Number 9 Majitha in Amritsar district, has been arrested on the basis of CCTV footage.
Police has seized the car used in the incident which belonged to Dharminder Singh, one of the assailants, he said.
The college and the bus is owned by senior Congress leader and All India Congress Committee Secretary Ashwani Sekhri.
The SSP said that assailants have fired at least seven rounds on the bus parked outside a college here to create terror among students so that they elect their supporter as the president of student union.
No one was injured in the firing incident.
The other assailants have been identified as Gurpreet Singh alias Gopi, a resident of Nagoke, Jasbir Singh, a resident of Dhotian village, Bhupinder Singh, a resident of Chande village, Dharminder Singh alias Pinku, a resident of Tarpai village and Sukhpreet Singh, a resident of Chatha, police said, adding, efforts are on to nab them.
The accused persons were not student of the college.
The arrested accused Ashu Sharma has links with Sukhpreet Singh alias Heeri who wanted to elect his aide as president of the college.
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