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Mohit Ridhau, 28, was apprehended in a joint operation by the West Bengal and Delhi police. He is being brought to Delhi, an officer said.
Police said Ridhau, a native of Sonipat in Haryana, is named in about a dozen criminal cases in Delhi and the state.
Earlier, a “spotter”, Ketan, who took Ridhau and another shooter on his motorcycle to the showroom was arrested.
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The shooters had left a hand-written note at the spot bearing the names of three gangsters Himanshu Bhau, Neeraj Faridkot and Naveen Bali.
The owner of the showroom got a call from an international number and Rs 5 crore was demanded from him as “protection money”, police said. Efforts are underway to nab the other shooter, they added.