He was heading to his home town Roorkee when the car he was driving hit a central divider, flipped over and caught fire in the northern state of Uttarakhand in the early hours on Friday.
Pant, who is currently under treatment in a hospital in Dehradun, would be brought to Mumbai in an air ambulance, BCCI secretary Jay Shah said in a statement.
"Rishabh will undergo surgery and subsequent procedures for ligament tears and will continue to be monitored by the BCCI medical team throughout his recovery and rehabilitation," Shah said.
A flamboyant batsman-wicketkeeper, Pant was part of the India test squad that sealed a 2-0 series victory over Bangladesh last month.
"The board will make every effort to aid and expedite the recovery process of Rishabh and will provide him with all the support he needs during this period," added Shah.
