It depends on where you make it, the design and the type and quality of materials used.
Quite possibly if you buy one of these really cheap ones.
However, a product at this price point is a world apart from a decent SDS drill such as a Bosch, Makita or DeWalt.
Generally it does.
"It is unwise to pay too much, but is is worse to pay too little. The common law of business balance prohibits paying a little and getting a lot. . . . it can't be done. When you deal with the lowest bidder, it is wise to add something for the risk you run, and if you do that you will have enough to pay for something better!"- John Ruskin (1819-1900)
There is certainly a level of cost associated with maintaining a brand. However, in the case of the leading power tool manufacturers, it also means getting a good quality product that works properly and safely over a long period of time without being an ergonomic problem to use, and for which proper spares and service are available if ever required.