Two youths are in custody following an evade incident in the Midlands this afternoon.

A white Toyota Camry sedan registration K23YW, which was allegedly stolen from Launceston, was observed by police on Midland Highway at Stonor about 3.30pm, then evaded police on Mud Walls Road near Jericho.

Police allege the vehicle travelled onto the incorrect side of the road whilst travelling about 160km/h over a sharp crest and into a right hand bend.

Police allege the vehicle continued along Mud Walls Road at high speeds, overtaking two vehicles.

The vehicle was later located dumped about 10kms down Lovely Banks Road on a rural property.

Two male youth offenders were located by police running from the area and were apprehended about 3.50pm and taken into custody.

Both youths were conveyed to Hobart Police Station for investigations into motor vehicle stealing and aggravated evade police.

Investigations are ongoing and police are seeking information in relation to the incident.

Anyone with information or dash cam footage- particularly in relation to the way the vehicle was being driven – are urged to contact police on 131444 or Crime Stoppers Tasmania on 1800333000 or crimestopperstas.com.au. You can do so anonymously. Please quote OR 733561.