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The accident took place in Sakkardara area of the city around 9 pm on Friday.
The driver of the SUV, Ganesh Adhav, was later arrested by the police, an official said.
“Adhav was driving his vehicle at a great speed. When he reached the flyover, the SUV rammed into three motorcycles coming from the opposite direction,” the official of Sakkardara police station said.
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The deceased were identified as Vinod Khapekar (45), his mother Laxmibai (65), and his two sons aged five and eleven years, he said, adding that two others were injured in the incident and are being treated.