iPhone XR product RED just 2-3 months old and colour chipping off

Anyone else facing this problem with specifically PRODUCT RED ?

I just purchased the XR product RED 2-3 months back and the red paint is chipping off from all the sides of the phone. And more from the places where there is a hollow like the speakers or the screws at bottom or the camera at the back or the alert slider and buttons. Went to the store and they said cosmetic issue isnt covered in warranty. Like hello i dint spend 70,000 to listen to this and get a phone of which colour erodes within just 3 months.

P.S. there has been no damage to the phone. The first thing they asked me is did it go to an apple service centre. (Which hasnt happened YET). Well that just shows how badly they handle it over there.