Thats extremely cheap. What kind of 3D production are you doing? Logo intro?
When I used to do a lot of 3D animations, 8-10 years ago, the average price is rm24K per minute.

I don't think the market price really change that much over the years.
At least not That drastic.

Of course I'm sure man.
I've been doing freelance on the side for almost 14 years.

Not sure about the market price now though.
Haven't done any animation lately.
It depends on who your client is, what type of project it is, and how good is your portfolio.
If your portfolio is just on the "okay" side. You can't really up the price that much.
Its all about the quality. And not to forget some good soft-skills too (handling clients).

If you want to charge a good high price, don't go for the small clients.
Go for the big ones (or at least a medium ones).
They tend to stick around longer if you gave them a great service on the previous job.
And it looks good in your portfolio too.

Of course, also depends on what type of animation you are doing.
Last I did 2D motion work (about 2 years ago?),
the price for that job is around 8K for a 2 minutes animation. Its a 4 days job.
2D tend to be cheaper than 3D.

A full 3D works with custom music and voice over have a higher base price.
You can go even higher, if they request to include some real footage and a well known narrator/model/actor.

Even if there are 10,000 freelancers offering a cheaper price, I don't think it change anything.
Well, might be harder to target the smaller client market, perhaps.
You might want to start finding a bigger clients, and a bigger project.

You can't get much from a factory walkthrough.
Try targeting a high-rise residential / commercial building instead.