Yes Chooks,
thanks a bunch for your kind explanation. I agree on the model front of Civic Sedan that its almost same as sold in AU, UK, US etc. BUT I am 100% sure on price difference. I studied the US Honda site and below are the prices in USD
Civic 8th Generation
http://www.hondacarindia.com/civic as its here in this link
Variant Price
Indian AT Model USD 27,000 (incl insurance)
15" wheel
US AT Model USD 16,405
almost same features
as Indian counterpart
I agree that there could be little more excise duty etc in India, BUT its not that huge that Honda had to inflate the price to such level, its pissing, but acceptable as we grow up here learning these facts and have adapted. Civic is supposedly manufactured in India. Auris is soon going to be launched here in India and I can bet my $ that its price shall go through roof too and inflated as compared to US models.
All Civic variants in US, UK, AUhave almost same price with slight difference. Whereas India is an exception for Honda.