Two people were killed and at least 58 feared dead after a bus swerved off a mountain road and hurtled into a fast-flowing river in Indian Kashmir on Friday, police said.

Rescuers recovered two bodies from the accident site where only the top of the bus was visible in the icy waters of the Chenab river, police said.

The bus travelling from the remote town of Gulab Ghar to Jammu, winter capital of Indian Kashmir, was believed to be carrying at least 60 passengers, said police superintendent Gulbir Singh.