Police officials have rushed to the spot and rescue operation is going on.
"The bus was travelling from Mumbai to Latur. The survivors have claimed that the driver was over-speeding, which could have led to this accident," Mahesh Tak, API, attached to Ambhora Police Station, in Beed district told PTI.
The injured persons have been rushed to the Ahmednagar district civil hospital, which is around 70 km away from the accident spot.
"The accident took place around 5.30 am. When the bus was near Dhanora village, the driver lost control and the bus overturned," he said.