The car, driven by 29-year-old Shivam, reportedly lost control due to a diversion and crashed into three people who were standing at an auto stand.
The deceased has been identified as 23-year-old Rohit Singh from Chamoli in Uttarakhand. The two injured victims are undergoing treatment.
Police said the driver had borrowed the vehicle from a friend to attend a wedding. He has been arrested.
A call regarding the accident was received at 2:33 am on Nelson Mandela Marg.
“There were three injured people aged around 25, 35 and 23. All of them worked at a restaurant in Ambience Mall. They were taken to a hospital where one of them, Rohit Singh, died during treatment. The other two injured persons are undergoing treatment,” Deputy Commissioner of Police (Southwest) Amit Goel told Hindustan Times.