Police were called to a report of a theft of a vehicle in Finedon in the early hours of today (Friday).
Officers went out to Church Street, Finedon, at 12.40am while the theft was ongoing.
They searched the area and arrested two people.
A 16-year-old boy and a 23-year-old man were arrested on suspicion of the theft of a motor vehicle and were questioned this morning.
They have both been released on delayed charge bail pending further enquiries.
A police spokesman added: “We would like to speak to anyone who may have witnessed this incident or who may have any information regarding it.”