According to a statement released by Victoria Police, emergency services were called to Bailey Street in St Albans, a suburb in Melbourne's northwest, following reports of an injured male having been found on the road just after 11:00 p.m. local time on Monday.

Paramedics treated the boy at the scene, but he lost his life on the way to the hospital.

Victoria Police Detective Inspector David Dunstan briefed local reporters on details of the incident at a media conference, saying that the victim and his two friends were in the CBD of Melbourne, then caught a train to Ginifer railway station and after leaving Ginifer they were walking home.

"A vehicle approached them. The vehicle turned and struck them on the road. After that occurred, the vehicle stopped and two males exited the vehicle," said Dunstan.

They were armed with knives and it appears that they have assaulted the victim fatally wounding him, he added.

The police officer noted that the other two boys, who were with the victim at the time, then fled the scene and they were physically uninjured.

"It's still very early in the investigation to determine why this has occurred. We have no information at this stage to indicate that it's gang-related in any way. And we believe that this was, however, a targeted assault on the victim," said Dunstan.

(With UNI inputs)