The deceased, identified as Jaspal Singh (19) and Saras Soren (21), had played at the national level archery championships, a police official said, adding that they were residents of Jamshedpur.
As per preliminary information, the mishap occurred when the car the duo were travelling in hit a truck from behind, trapping them inside, said Budhar police station in-charge, A K Patel.
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They had succumbed to their injuries when police arrived at the spot, he added.
According to reports, Singh and Soren had come to Madhya Pradesh to participate in the National Archery Championship in Bhopal.