The driver of the speeding car, 24-year-old Shoaib Khan has been arrested, they said.
The incident happened last evening, around 11 PM, when Khan rammed his vehicle into cab driver Nazrul's car.
Injured Nazrul, who is resident of West Bengal and was presently living in Gurgaon, was rushed to AIIMS Trauma Centre where he was declared brought dead, a senior police official said.
The accused had fled from the spot leaving behind his car, that bore a Chandigarh registration number, police said, adding but he was later arrested.
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