Gulfan Ali was rushed from a hospital in Noida to Safdarjung hospital in Delhi where he was declared brought dead, they said.
The condition of the other injured is stable, police added. The driver of the BMW, Vinod who is a property dealer by profession, is still absconding, they said.
The vehicle had hit three bikes yesterday near the Adobe crossing here, causing injuries to six riders. Four of the injured were admitted to a hospital.
Earlier this month, a 32-year-old marketing executive was mowed down by a speeding Mercedes sedan in Delhi's Civil Lines area which was allegedly being driven by a juvenile.