The duo, arrested from Kalyan railway station recently, are currently in judicial custody.
The accused, identified as Ajit Jhade and Deepak Thokal, are part of a gang that targets commuters standing on footborads of trains, said Deputy Commissioner of Police, GRP (Central Railway), Samadhan Pawar.
He said the members of the "fatka gang" typically perch themselves atop a signal or electricity poles along railway tracks and hit commuters with a stick or hands when the train slows down.
"Before the startled commuters could react, they grab their mobile phones and flee," the officer said.
"Over the past few weeks, we had received several such complaints at Kalayan station," Mr Pawar said, adding that they had nabbed Jhade a few days ago whose interrogation led them to Thokal.
They have been booked under sections 382 (theft after preparation made for causing death, hurt or restraint), 308 (attempt to commit culpable homicide) and 34 (acts done by several persons in furtherance of common intention) of the IPC, another official said.
The GRP has also arrested two persons, identified as Gautam Shonwane and Sanjay More, for allegedly buying the stolen handsets, he said.
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