The arrested persons are kingpin Manjit Singh, Inderjit Singh, Shinder Singh, Gurinder Singh and Amandeep Singh, police said.
The gang operated in Chandigarh, Mohali, Jalandhar and several parts of Haryana.
Police also recovered large number of fake registration certificates from them, they said, adding that a manhunt has been launched to nab five other members of the gang who are still at large.