Scott Wilson, of Cleland, and Steven Scott, both 19, of Shotts, North Lanarkshire, died after their Renault Clio crashed into a telegraph pole in Benhar Road, Shotts.
The injured men, aged 17 and 20, are being treated at Wishaw Hospital. One is thought to have a punctured lung and the other a broken leg. The accident happened in the early hours of Saturday morning.
Steven's brother Mark described his closeness to his brother, saying: "We did everything together. I can't believe it."
Strathclyde Police is continuing its inquiries.