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The company, which sells models like City and Amaze, has been holding the price hike hoping the currency would recover from record low against the dollar.
The company has already committed to launch six models in the country over the next three years.
Honda had entered the Indian car market with its premium sedan Honda City in year 1998 and the model has been the largest contributor to the company's cumulative sales.
Pitted against Maruti Suzuki’s Dzire, which has over 50 per cent share in the segment, the company is confident that rich features of the car will help it become the favourite among buyers.
The booking for the second generation Amaze can be made at all authorised dealerships of the company with a booking amount of Rs 21,000, Honda Cars India Ltd (HCIL)
The latest exercise takes the overall number of recalled vehicles, equipped with airbags manufactured by Takata, by the company to 3.13 lakh units in India.
In the two-wheeler sector, TVS Motor Company reported a 39 percent increase in total sales at 2,56,909 units in December.
Tata Motors is the latest producer to join the string of car makers that have decided to ring in the new year with steep auto prices, driven by rising inputs costs.
Honda Cars India today said it will increase prices of its models by up to Rs 25,000 from January 1, 2018, in order to offset the rise in input costs.
Auto sales in November recorded a surprising 16 per cent yearly growth, riding on low-base effect following demonetisation.