The incident occurred in Bhima Koregaon in afternoon when people were heading towards a war memorial in the village, police said.
The violence erupted after a group and some members of the crowd on its way to visit the memorial had an argument over some issue.
"Stone pelting started after the argument. During the violence, vehicles and a house in the vicinity was damaged," a police officer deployed for bandobast at Bhima Koregaon said without elaborating.
The traffic was finally resumed in evening.
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The situation in the village is under control now.
"More police personnel, including companies of the SRPF, have been deployed to avoid any untoward incident," the officer said.
He said mobile phone networks were blocked for some time to stop the circulation of inflammatory messages.
The Battle of Bhima Koregaon was fought on January 1, 1818.
The British army, which had a large contingent of dalit Mahars, had defeated the Peshwas.
Some Dalit leaders and thinkers view it as a victory of oppressed classes over the upper-caste establishment of those times.
Earlier in the day, dalit leader and Independent MLA from Gujarat, Jignesh Mevani visited the memorial in Bhima Koregaon.
Yesterday, he attended "Elgaar parishad" in Pune to commemorate the 'victory battle'.
Police have appealed to people to maintain calm and not to believe in rumours.
Section 144 of CrPc was already imposed in the area.
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