Emergency services were called to Hazelwood Avenue in Eastbourne at around 1.25pm today (February 9).
There were reports that a man had sustained serious injuries.
A 58-year-old man from Eastbourne was arrested on suspicion of attempted murder, failing to stop for police and dangerous driving.
He currently remains in custody.
A 57-year-old local man was airlifted to hospital for treatment.
It is not believed his injuries are life threatening.
Chief Inspector Di Lewis said: “Enquiries are ongoing into this incident and the victim is now in the care of health professionals in a stable condition.
“We have a suspect in custody, who is known to the victim, and we are working hard to understand the full details of what has taken place.
“There is not believed to be any wider risk to the public and we are not currently looking for anyone else in connection with the incident.
“There will be an increased police presence in the area while this is ongoing, and I would like to thank the public in advance for their patience and understanding.
“Anyone who can assist with the investigation, for example with information or relevant video footage, is asked to contact police online or via 101, quoting Operation Fordwich.”
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