The accident occurred when the driver of the container in an effort to save an animal took a sharp turn and overturned, thereby falling on two pedestrians, they said.
"Both the persons succumbed to injuries on the spot," police said.
The deceased have been identified as Ballabh Pathak (38) and Mathuresh Sharma (34).
The driver managed to give a slip to police.
(REOPENS BOM18)
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Police suspect the driver and the conductor of the bus were also killed in the mishap.
Indore Division Commissioner said an ex-gratia of Rs 15,000 will be given to the kin of each deceased, while Rs 5,000 will be given to each injured person.
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