The deceased were identified as Harshwardhan and Mohit alias Ashu, both 18 years, an official at Mathuragate Police Staion told PTI.
Meanwhile, the injured Shivam and Dheeraj were admitted to the district government hospital where they were said to be out of danger, the official said.
Four of them were going on bike around 4 am when the incident occurred, and the reason behind it, is yet to be ascertained, he said.
The deceased was identified as Mukesh Singh (20).
Driver fled the scene leaving the vehicle which was impounded, the police said.