The incident took place last night on the Agra-Mumbai road when the MLA was on his way to Shajapur town from Maxi in the district, an official at the Maxi police station said.
Bhimavad along with one Mukesh Gupta was rushed to the district hospital from where they were referred to a private hospital in Indore, the official said.
A case has been registered and investigations are underway, he added.