Thirty-two-year-old Ajit Sharma, a carpenter, was returning home on his cycle in West Vinod Nagar around 9.30 PM on January 3 when the incident occurred.
The accused -- Suraj, 21, and Shahjad, 22 -- who were allegedly in an inebriated state during the incident, stabbed him after his cycle hit one of them.
Ajit managed to reach a nearby hospital. He was later discharged from the hospital.
The accused were arrested from Kondli Mor, said Omvir Singh, DCP (east).