But of course it was not, when Tochka was fielded nobody even considered the potential applied to Iskander.
You probably think about Oka, yet it was not even close to Iskander. It can be redirect en route by new coordinates, and home on moving target on approach using optical head. Oka lacked both, there was no technical space for that by the time.
And there you go telling me what I think...
They found themselves with two missiles with the same warheads and same seekers... one had a longer flight range and was better at evading air defences, but both were essentially the same.
The cost and price was not radically different but the costs of having two missile systems doing essentially the same thing was something they decided they didn't need.
They decided the Tochka could be retired and the Iskander could take over the role of both missiles.
The HERMES is going to have a range of 100-200km but will be much smaller and cheaper and be able to defeat point targets including moving targets... the descriptions talk about payloads of 30kgs or 60kgs depending on the iteration... the ballistic version with a solid rocket booster that glides down to the target is supposed to have a 57kg warhead and terminal homing, but they seem to have decided that would be too easy to shoot down and that a powered version with a 30kg warhead and a propulsion system to manouver and maintain speed makes more sense yet will be a fraction of the cost of the almost 4 ton Iskander.
A ramjet assisted missile might extend effective range to 300km plus in a missile that can be mounted on a relatively light truck:
https://commons.wikimedia.org/wiki/User:Nickel_nitride
A SAM dodging manouvering ramjet powered HERMES is going to be rather more effective at hitting point targets at 100km plus ranges than any 300mm dumb rocket with terminal guidance.