The incident comes ahead of the Hindu festival of lights, Diwali, which will be celebrated across India on Sunday. Locals have been asked to stay away from the area where the fire broke out.
The cause of the fire is not yet known, according to Indian news organisation Zee news. According to reports, there were no human casualties as all the shopkeepers and customers managed to escape to safety.
At least a dozen four-wheelers and more than two dozen two-wheelers parked in the vicinity were engulfed in the flames, Zee News reported.