Three persons were rescued safely, they said.
So far 13 people have been found dead in the ill-fated bus that plunged into the water body, Ratlam's Additional Superintendent of Police Dr Prashant Choube told PTI.
The bus was on its way to Jaora from Ratlam when the mishap took place on the four-lane road at 12 Patthar Khadan, about two kms away from Namli town, he said.
The bus fell into the pit, which was dug to collect earthen material for laying roads.
According to eyewitnesses, the bus was moving on a high speed and suddenly it overturned and fell into the large water pit.
Unconfirmed reports said there were 40-45 passengers in the bus.
The ASP said that nearly 13 people were pulled out from the bus in injured condition and referred to nearby hospitals.
Efforts were on to pull the bus out of water with the help of local residents.
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