diff --git a/config/samples/mellanox.com_v1alpha1_nicclusterpolicy.yaml b/config/samples/mellanox.com_v1alpha1_nicclusterpolicy.yaml
index c66dfd3b..1cd1aa97 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: 24.07-0.6.1.0-0
+    version: 24.10-0.3.2.0-0
     livenessProbe:
       initialDelaySeconds: 30
       periodSeconds: 30
@@ -42,7 +42,7 @@ spec:
   rdmaSharedDevicePlugin:
     image: k8s-rdma-shared-dev-plugin
     repository: ghcr.io/mellanox
-    version: v1.5.1
+    version: sha-4f3eb2224b8b5f97be3f17441ddee8d41753b7d5
     # The config below directly propagates to k8s-rdma-shared-device-plugin configuration.
     # Replace 'devices' with your (RDMA capable) netdevice name.
     config: |
diff --git a/deployment/network-operator/values.yaml b/deployment/network-operator/values.yaml
index f0eb45b9..04946042 100644
--- a/deployment/network-operator/values.yaml
+++ b/deployment/network-operator/values.yaml
@@ -250,7 +250,7 @@ ofedDriver:
   # -- NVIDIA DOCA Driver image repository.
   repository: nvcr.io/nvstaging/mellanox
   # -- NVIDIA DOCA Driver version.
-  version: 24.07-0.6.1.0-0
+  version: 24.10-0.3.2.0-0
   initContainer:
     # -- Deploy init container.
     enable: true
@@ -341,7 +341,7 @@ rdmaSharedDevicePlugin:
   # -- RDMA shared device plugin image repository.
   repository: ghcr.io/mellanox
   # -- RDMA shared device plugin version.
-  version: v1.5.1
+  version: sha-4f3eb2224b8b5f97be3f17441ddee8d41753b7d5
   # -- Enable Container Device Interface (CDI) mode.
   # **NOTE**: NVIDIA Network Operator does not configure container runtime to
   # enable CDI.
diff --git a/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr-full.yaml b/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr-full.yaml
index 2924de65..aec8b1f2 100644
--- a/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr-full.yaml
+++ b/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr-full.yaml
@@ -24,7 +24,7 @@ spec:
   ofedDriver:
     image: doca-driver
     repository: nvcr.io/nvstaging/mellanox
-    version: 24.07-0.6.1.0-0
+    version: 24.10-0.3.2.0-0
     upgradePolicy:
       autoUpgrade: true
       drain:
@@ -45,7 +45,7 @@ spec:
   rdmaSharedDevicePlugin:
     image: k8s-rdma-shared-dev-plugin
     repository: ghcr.io/mellanox
-    version: v1.5.1
+    version: sha-4f3eb2224b8b5f97be3f17441ddee8d41753b7d5
     # The config below directly propagates to k8s-rdma-shared-device-plugin configuration.
     # Replace 'devices' with your (RDMA capable) netdevice name.
     config: |
diff --git a/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr-ipoib.yaml b/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr-ipoib.yaml
index bd1ac3ac..5dbf6558 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: 24.07-0.6.1.0-0
+    version: 24.10-0.3.2.0-0
     upgradePolicy:
       autoUpgrade: true
       drain:
@@ -40,7 +40,7 @@ spec:
   rdmaSharedDevicePlugin:
     image: k8s-rdma-shared-dev-plugin
     repository: ghcr.io/mellanox
-    version: v1.5.1
+    version: sha-4f3eb2224b8b5f97be3f17441ddee8d41753b7d5
     # The config below directly propagates to k8s-rdma-shared-device-plugin configuration.
     # Replace 'devices' with your (RDMA capable) netdevice name.
     config: |
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 9f148d2c..225127fb 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: 24.07-0.6.1.0-0
+    version: 24.10-0.3.2.0-0
     upgradePolicy:
       autoUpgrade: true
       drain:
@@ -40,7 +40,7 @@ spec:
   rdmaSharedDevicePlugin:
     image: k8s-rdma-shared-dev-plugin
     repository: ghcr.io/mellanox
-    version: v1.5.1
+    version: sha-4f3eb2224b8b5f97be3f17441ddee8d41753b7d5
     # The config below directly propagates to k8s-rdma-shared-device-plugin configuration.
     # Replace 'devices' with your (RDMA capable) netdevice name.
     config: |
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 caa37753..4c7a2e5d 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: 24.07-0.6.1.0-0
+    version: 24.10-0.3.2.0-0
     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 4b326d69..e9b857d3 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: 24.07-0.6.1.0-0
+    version: 24.10-0.3.2.0-0
     upgradePolicy:
       autoUpgrade: true
       drain:
@@ -31,7 +31,7 @@ spec:
   rdmaSharedDevicePlugin:
     image: k8s-rdma-shared-dev-plugin
     repository: ghcr.io/mellanox
-    version: v1.5.1
+    version: sha-4f3eb2224b8b5f97be3f17441ddee8d41753b7d5
     # The config below directly propagates to k8s-rdma-shared-device-plugin configuration.
     # Replace 'devices' with your (RDMA capable) netdevice name.
     config: |
diff --git a/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr.yaml b/example/crs/mellanox.com_v1alpha1_nicclusterpolicy_cr.yaml
index e8a44674..1c7b0bbb 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: 24.07-0.6.1.0-0
+    version: 24.10-0.3.2.0-0
     upgradePolicy:
       autoUpgrade: true
       drain:
@@ -40,7 +40,7 @@ spec:
   rdmaSharedDevicePlugin:
     image: k8s-rdma-shared-dev-plugin
     repository: ghcr.io/mellanox
-    version: v1.5.1
+    version: sha-4f3eb2224b8b5f97be3f17441ddee8d41753b7d5
     # The config below directly propagates to k8s-rdma-shared-device-plugin configuration.
     # Replace 'devices' with your (RDMA capable) netdevice name.
     config: |
diff --git a/hack/release.yaml b/hack/release.yaml
index 16e28cff..31fe23ff 100644
--- a/hack/release.yaml
+++ b/hack/release.yaml
@@ -29,11 +29,11 @@ SriovIbCni:
 Mofed:
   image: doca-driver
   repository: nvcr.io/nvstaging/mellanox
-  version: 24.07-0.6.1.0-0
+  version: 24.10-0.3.2.0-0
 RdmaSharedDevicePlugin:
   image: k8s-rdma-shared-dev-plugin
   repository: ghcr.io/mellanox
-  version: v1.5.1
+  version: sha-4f3eb2224b8b5f97be3f17441ddee8d41753b7d5
 SriovDevicePlugin:
   image: sriov-network-device-plugin
   repository: ghcr.io/k8snetworkplumbingwg