The company had launched the bike in India last year.
"Dream Neo is a part of Honda's Dream series motorcycles. To celebrate the upcoming festival season, we are introducing a new additional colour providing more choice to the customers in their dream bike," Honda Motorcycle and Scooter India (HMSI) Vice-President (Sales & Marketing) Y S Guleria said in a release.
Dream Neo is now available in five colour variants - amazing white, black with violet stripes, black with red stripes, alfa red and monsoon grey.
The company has reported 25.68 per cent growth in total sales for August at 3,88,210 units over the same month last year. Its motorcycle sales rose 6.35 per cent to 1,53,194 units in the reporting period.