The incident occurred at around 2.45 am today when the driver of the car lost control over the vehicle and ended up hitting the central verge at T-Point, Hudson Lines, they said.
The deceased have been identified as Ritesh Dahiya and Siddharth, both in their 20s.
Three women occupants of the car, including the driver, sustained injuries, police said.
Police said the woman driver was arrested after being discharged from the hospital.
She had a learner's license. The car belonged to Dahiya's father. The friends were returning from a fest in Amity, Noida when the incident happened. They had come to Delhi University for a drive, they said.
After the car hit the pole it somersaulted twice before coming to a halt.
Dahiya was a student of Sri Venkateswara College while the three women were students of Amity University, Noida.
Siddharth was a student of Maharaja Surajmal Shiksha Sansthan.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)