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It took two big cranes and four hours to pull out the two vehicles.
It is being surmised that there was an old well underneath the paved surface, a senior official said.
The incident took place around 4 pm in the parking area outside the City Post Office off Laxmi Road in the densely-populated Budhwar Peth locality.
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The driver of the jetting machine truck — used to clean drainage lines — escaped unhurt, said a fire brigade official.
Municipal commissioner Rajendra Bhosale said since the post office building is over 100 years old, and considering the circular shape of the pit, it appears that there was a well-like structure underneath.
Though Pune Metro work is underway in the vicinity, officials of Maha Metro said it had nothing to do with the sinkhole as work is being carried out more than 65 feet below rock strata.