Police said a 34-year-old was on a bicycle on Takalvan Street in Millbank at 7.50pm when he was struck by a black Hyundai IX35.
The driver of the allegedly stolen car left the scene and was found a short time later.
Emergency services commenced CPR on the cyclist, however he died at the scene.
The man has not been publicly identified.
Police are seeking CCTV or dashcam vision as they continue to investigate the crash.
