Preliminary reports suggested that the actor was not present in the car at the time of the accident.
Police said verification was on to ascertain whether the car is registered in his (Sohail's) name or not.
According to police, the Land Cruiser, allegedly being driven by Dhananjay Pimple mowed down the woman, identified as Chandan Bala, about 60-70 years of age, near St Andrews Church.
The woman was rushed to a nearby hospital where she was declared dead, police said, adding the driver was arrested and further probe was on.