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The woman and another lady accompanying her fled from the spot immediately after the incident, police said.
The car was allegedly being driven by the daughter of YSR Congress Party Rajya Sabha MP Beeda Masthan Rao.
The deceased has been identified as Surya, 21, a painter.
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The Adyar Traffic Investigation Wing police have registered a case under section 304 A of the IPC (causing death by negligence), a bailable offence, and issued summons to the car owner.