A statue of Mahatma Gandhi was found broken and brought down from a pedestal at Chikhali village of Chandrapur district, police said.
The incident came to light early Wednesday when the matter was reported at around 0530 hours, they said.
Tension prevailed in the area and police arrived at the spot.
A peace meeting of villagers has been convened to defuse the tension and a search has been launched to look out for the culprit, said Police Inspector S Reddiwar.
The situation is however calm, he added.