A police spokesperson said they will not be releasing the names of the men until their families had been told of their deaths.
Taupo Senior Sergeant Fane Troy said the Serious Crash Unit would continue to investigate the cause of the crash.
"The scene was complex and covered a 200 metre section of the highway."
He said police wanted to remind motorcyclists to be careful, ride to the conditions and know their limits.
"This was a tragedy for all involved and our thoughts are with the friends and family of those affected.
"Police would like to thank all motorists for their patience during this road closure."