The mishap took place when the jeep carrying a marriage party from Bada Gavlipura area in Aagar Malwa was returning from Indore, Aagar police station In-charge S S Nagar said.
Two persons, identified as Rajkumar (35) and Premchand (25), died on the spot.
Among the eight injured, three were referred to Ujjain for treatment while the others were admitted in the district hospital here, Nagar said.
A case has been registered in this regard and further investigation is on.