The incident took place this evening near Ramganjbalai village when they were returning home, police said.
The youths, Giraj Rathore and Shivraj Rathore, died on the spot and their bodies were handed over to their family members after post-mortem, Circle In-charge (Bundi) Abhishek Pareek said.
The pick-up's driver has been arrested and has been booked for negligent driving, he said.
"The highway is under maintenance and therefore, the four-lane road is currently one-way," the officer said.
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