A man has died in a hit and run incident at Ludmilla on New Year’s Eve.

“Around 10:30pm a car travelling at speed outbound on Bagot Road stuck a pedestrian and failed to stop,” Territory Duty Superintendent Kylie Proctor said.

“A witness called Police and the body of the man was located at the scene.

“A short time later a vehicle of interest was located abandoned in Coconut Grove.”

Investigations are continuing.

This brings the 2015 Northern Territory road toll to 49, compared with 39 for 2014.