Police are hunting the driver of a white BMW 320 who jumped a red light before smashing in to a taxi and fleeing the scene.
The incident happened at around 1.30pm when the BMW overtook a stationary vehicle which was waiting for the lights to change on Great Holton Road on the junction with Cross Lane and hit a Toyota Avensis.
The driver of the Avensis, a local Asian male taxi driver, was left with serious injuries that were not thought to be life threatening. He was taken to hospital.
The BMW driver fled the scene.
The road was closed for several hours while police carried out investigation work.
Police enquiries are ongoing and any witnesses should call 101.