diff --git a/asm/Kptfile b/asm/Kptfile
index d1e51293..d1a9e19a 100644
--- a/asm/Kptfile
+++ b/asm/Kptfile
@@ -76,7 +76,7 @@ openAPI:
       x-k8s-cli:
         setter:
           name: anthos.servicemesh.tag
-          value: 1.23.1-asm.0
+          value: 1.23.2-asm.3
           isSet: true
     io.k8s.cli.setters.anthos.servicemesh.managed-controlplane.vpcsc.enabled:
       type: string
diff --git a/asmcli/asmcli b/asmcli/asmcli
index a3c0cd13..075f6712 100755
--- a/asmcli/asmcli
+++ b/asmcli/asmcli
@@ -40,8 +40,8 @@ _CI_I_AM_A_TEST_ROBOT="${_CI_I_AM_A_TEST_ROBOT:=0}"; readonly _CI_I_AM_A_TEST_RO
 ### Internal variables ###
 MAJOR="${MAJOR:=1}"; readonly MAJOR;
 MINOR="${MINOR:=23}"; readonly MINOR;
-POINT="${POINT:=1}"; readonly POINT;
-REV="${REV:=0}"; readonly REV;
+POINT="${POINT:=2}"; readonly POINT;
+REV="${REV:=3}"; readonly REV;
 CONFIG_VER="${CONFIG_VER:="1"}"; readonly CONFIG_VER;
 K8S_MINOR=0
 
diff --git a/asmcli/asmcli.sh b/asmcli/asmcli.sh
index 899ad087..c1a23dd3 100755
--- a/asmcli/asmcli.sh
+++ b/asmcli/asmcli.sh
@@ -36,8 +36,8 @@ _CI_I_AM_A_TEST_ROBOT="${_CI_I_AM_A_TEST_ROBOT:=0}"; readonly _CI_I_AM_A_TEST_RO
 ### Internal variables ###
 MAJOR="${MAJOR:=1}"; readonly MAJOR;
 MINOR="${MINOR:=23}"; readonly MINOR;
-POINT="${POINT:=1}"; readonly POINT;
-REV="${REV:=0}"; readonly REV;
+POINT="${POINT:=2}"; readonly POINT;
+REV="${REV:=3}"; readonly REV;
 CONFIG_VER="${CONFIG_VER:="1"}"; readonly CONFIG_VER;
 K8S_MINOR=0