diff --git a/config/samples/mellanox.com_v1alpha1_nicclusterpolicy.yaml b/config/samples/mellanox.com_v1alpha1_nicclusterpolicy.yaml
index 1d1c0c110..e29c63424 100644
--- a/config/samples/mellanox.com_v1alpha1_nicclusterpolicy.yaml
+++ b/config/samples/mellanox.com_v1alpha1_nicclusterpolicy.yaml
@@ -19,7 +19,7 @@ spec:
   ofedDriver:
     image: doca-driver
     repository: nvcr.io/nvstaging/mellanox
-    version: 24.07-0.3.1.0-0
+    version: 24.07-0.3.2.0-0
     livenessProbe:
       initialDelaySeconds: 30
       periodSeconds: 30
diff --git a/deployment/network-operator/values.yaml b/deployment/network-operator/values.yaml
index a175b7546..df9431e39 100644
--- a/deployment/network-operator/values.yaml
+++ b/deployment/network-operator/values.yaml
@@ -197,7 +197,7 @@ ofedDriver:
   deploy: false
   image: doca-driver
   repository: nvcr.io/nvstaging/mellanox
-  version: 24.07-0.3.1.0-0
+  version: 24.07-0.3.2.0-0
   initContainer:
     enable: true
     repository: ghcr.io/mellanox
diff --git a/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr-ipoib.yaml b/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr-ipoib.yaml
index 64568f2e0..a5d17be9b 100644
--- a/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr-ipoib.yaml
+++ b/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr-ipoib.yaml
@@ -19,7 +19,7 @@ spec:
   ofedDriver:
     image: doca-driver
     repository: nvcr.io/nvstaging/mellanox
-    version: 24.07-0.3.1.0-0
+    version: 24.07-0.3.2.0-0
     upgradePolicy:
       autoUpgrade: true
       drain:
diff --git a/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr-nvidia-ipam.yaml b/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr-nvidia-ipam.yaml
index 3646a7986..42161b530 100644
--- a/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr-nvidia-ipam.yaml
+++ b/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr-nvidia-ipam.yaml
@@ -19,7 +19,7 @@ spec:
   ofedDriver:
     image: doca-driver
     repository: nvcr.io/nvstaging/mellanox
-    version: 24.07-0.3.1.0-0
+    version: 24.07-0.3.2.0-0
     upgradePolicy:
       autoUpgrade: true
       drain:
diff --git a/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr-ocp-hostdev.yaml b/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr-ocp-hostdev.yaml
index 08022ebac..44d595b70 100644
--- a/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr-ocp-hostdev.yaml
+++ b/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr-ocp-hostdev.yaml
@@ -19,7 +19,7 @@ spec:
   ofedDriver:
     image: doca-driver
     repository: nvcr.io/nvstaging/mellanox
-    version: 24.07-0.3.1.0-0
+    version: 24.07-0.3.2.0-0
     upgradePolicy:
       autoUpgrade: true
       drain:
diff --git a/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr-ocp.yaml b/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr-ocp.yaml
index dc6c5f393..ec5366313 100644
--- a/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr-ocp.yaml
+++ b/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr-ocp.yaml
@@ -19,7 +19,7 @@ spec:
   ofedDriver:
     image: doca-driver
     repository: nvcr.io/nvstaging/mellanox
-    version: 24.07-0.3.1.0-0
+    version: 24.07-0.3.2.0-0
     upgradePolicy:
       autoUpgrade: true
       drain:
diff --git a/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr.yaml b/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr.yaml
index 7313ee46c..2c4379f85 100644
--- a/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr.yaml
+++ b/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr.yaml
@@ -19,7 +19,7 @@ spec:
   ofedDriver:
     image: doca-driver
     repository: nvcr.io/nvstaging/mellanox
-    version: 24.07-0.3.1.0-0
+    version: 24.07-0.3.2.0-0
     upgradePolicy:
       autoUpgrade: true
       drain:
diff --git a/hack/release.yaml b/hack/release.yaml
index 0b675debc..ba2cd3839 100644
--- a/hack/release.yaml
+++ b/hack/release.yaml
@@ -28,7 +28,7 @@ SriovIbCni:
 Mofed:
   image: doca-driver
   repository: nvcr.io/nvstaging/mellanox
-  version: 24.07-0.3.1.0-0
+  version: 24.07-0.3.2.0-0
 RdmaSharedDevicePlugin:
   image: k8s-rdma-shared-dev-plugin
   repository: ghcr.io/mellanox