One of the casualties hit by the Toyota at about 15:30 on Silverdale Road suffered serious leg injuries
Two five-year-old children were pinned against a telephone box after a car left the road and reversed into them.
One of the youngsters hit by the Toyota in Silverdale Road in Earley, Berkshire, suffered serious leg injuries.
The other was taken to hospital with an arm injury, the ambulance service said.
Thames Valley Police said no arrests have been made following the incident, which happened at about 15:30 GMT on Tuesday.
A force spokesman said a gas pipe was also damaged in the incident.
