The incident occurred under Mansurpur police station area when Naveen Tyagi, a building material trader, was on his way to Mansurpur from Meerut, they said.
The accused intercepted his car, stopped it and forcibly entered the vehicle and later dumped Tyagi out, SHO Nitin Kumar said.
An FIR has been lodged and probe is on to nab the accused, the SHO said.