What exactly were you guys expecting in terms of price? A straight ICE>HEV conversion increases price by 10-12 lac (see Jolion ICE vs HEV, Cross ICE vs HEV, H6 ICE vs HEV). In this case just a 10-12 lac price increase over simple HRV means 91-92 lac. You then add Honda Sensing etc, then 94 starts making sense.
As for alternatives like Jolion HEV. Jolion ICE made no impact to the sales of simple HRV, and they're priced the same. So I think Honda will be safe here.