The victim, identified as Rajiv, was going back to his home after playing with his friends when he was hit by the speeding RTV at around 3 PM, police said.
People in the area caught hold of its driver after the incident and beat him up before handing him over to police.
Rajiv, who sustained a head injury in the mishap, was rushed to a hospital but could not be saved, a police officer said.
A case of rash driving and culpable homicide not amounting to murder was registered against the driver, identified as Mangal. He has been arrested, the officer said.