The local residents had installed barricades at the exit point of the village to enhance vigilance on cattle lifting and other crimes, police said.
On the intervening night of Saturday and Sunday, a pickup vehicle with cows on it was stopped at the barricades and on being enquired the accused opened fire on the guards and tried to sped away, they said.
Soon the vehicle lost control and brushed with a trailer and then hit a tree. The engine of the pickup had caught fire and by the time localites caught them and roughed them up, police said.
The arrested were identified as Iqbal, Tayyab, Imran, Sahil and Fakru all residents of Palwal.
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All five except Iqbal are hospitalised due to injuries while one of them was referred to Safdarjang Hospital in Delhi.
Investigating officer sub inspector Aniruddh said that seven cows were recovered from the vehicle while a country- made pistol and four live bullets were recovered from the arrested gang.
A case has been registered with police station sector-55 Faridabad under section 379, 307, 323 and 34 of IPC and sections 11, 59 and 60 of the Animal Act.