Manshad, Sonu, Salam and Aas Mohammad have been arrested during a raid in closed factory where they were involved in cutting the stolen luxury cars, SSP Deepak kumar said.
Six cars and some spare parts were found at the factory premises, he said, adding two pistols and a knife have been seized from them.
Police have launched a search for others including the factory owner and efforts are underway to find the cars owners, the SSP said.