The mishap took place near Subbayya hotel junction when the victims were hit by the van and then attacked with rods killing one person on the spot while the other succumbed to his injuries on his way to a hospital, Town Circle Inspector M D Umar told PTI.
The deceased have been identified as B Bala Gangadhar (50) and Jagadam Ramaswamy (42), police said.
The assailant Ashok Kumar, who was driving the van has been taken into custody and is being interrogated, police said.
Police suspect old rivalry behind the murders and further investigation is underway.
Disclaimer: No Business Standard Journalist was involved in creation of this content