I have code first classes which are generated from my existing db using ADO.NET Entity Data Model. Now I've added some new tables to the database.
I want to know if its possible to create associated code classes from the new db tables without (re)creating the model again from scratch?
Yes it is, if you use Reverse Engineer Code First to do so. It will create POCOs exactly like Code-First, but it will do so based completely on the current database. No .edmx file and no T4 template. Just Code-First.
You should know, by the way, that this (along with regular Code-First) are going to be the only ones allowed in EF7. They are getting rid of many things to try to slim it down, and both Model- and Database-First got the ax (at least, for now). This blog post from Microsoft's ADO.NET blog explains that, along with some other features.