iPhone 14 pro max manufacturing price is 45000 is it right ?

iPhone 14 pro max manufacturing price is 45000 is it right ?
iPhone as released iPhone 14 pro max in this phone there is no more changes like iPhone 14 .
in india iPhone 14 pro max is selling for almost 140000 which is more than 100000 more money than manufacturing money why this happened ?
because of GST of 18% and duty charges list is in below photo you can see how much gst and duty charges are applying 
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