diff --git a/charts/cluster-autoscaler/Chart.yaml b/charts/cluster-autoscaler/Chart.yaml
index 396a1943bae7..c7b8125c7af3 100644
--- a/charts/cluster-autoscaler/Chart.yaml
+++ b/charts/cluster-autoscaler/Chart.yaml
@@ -1,5 +1,5 @@
 apiVersion: v2
-appVersion: 1.32.0
+appVersion: 1.32.1
 description: Scales Kubernetes worker nodes within autoscaling groups.
 engine: gotpl
 home: https://github.com/kubernetes/autoscaler
@@ -11,4 +11,4 @@ name: cluster-autoscaler
 sources:
   - https://github.com/kubernetes/autoscaler/tree/master/cluster-autoscaler
 type: application
-version: 9.46.6
+version: 9.46.7
diff --git a/charts/cluster-autoscaler/README.md b/charts/cluster-autoscaler/README.md
index ef6d74a28eb5..370f93881102 100644
--- a/charts/cluster-autoscaler/README.md
+++ b/charts/cluster-autoscaler/README.md
@@ -480,7 +480,7 @@ vpa:
 | image.pullPolicy | string | `"IfNotPresent"` | Image pull policy |
 | image.pullSecrets | list | `[]` | Image pull secrets |
 | image.repository | string | `"registry.k8s.io/autoscaling/cluster-autoscaler"` | Image repository |
-| image.tag | string | `"v1.32.0"` | Image tag |
+| image.tag | string | `"v1.32.1"` | Image tag |
 | initContainers | list | `[]` | Any additional init containers. |
 | kubeTargetVersionOverride | string | `""` | Allow overriding the `.Capabilities.KubeVersion.GitVersion` check. Useful for `helm template` commands. |
 | kwokConfigMapName | string | `"kwok-provider-config"` | configmap for configuring kwok provider |
diff --git a/charts/cluster-autoscaler/values.yaml b/charts/cluster-autoscaler/values.yaml
index d744739760e8..9fbfd789a564 100644
--- a/charts/cluster-autoscaler/values.yaml
+++ b/charts/cluster-autoscaler/values.yaml
@@ -285,7 +285,7 @@ image:
   # image.repository -- Image repository
   repository: registry.k8s.io/autoscaling/cluster-autoscaler
   # image.tag -- Image tag
-  tag: v1.32.0
+  tag: v1.32.1
   # image.pullPolicy -- Image pull policy
   pullPolicy: IfNotPresent
   ## Optionally specify an array of imagePullSecrets.