diff --git a/release.yaml b/release.yaml
index 267693f7..b2a097a1 100644
--- a/release.yaml
+++ b/release.yaml
@@ -66,7 +66,7 @@ docker-images:
       machine-controller-manager:
         name: eu.gcr.io/gardener-project/gardener/machine-controller-manager
         repository: https://github.com/gardener/machine-controller-manager
-        tag: v0.48.3
+        tag: v0.49.3
       machine-controller-manager-provider-metal:
         name: ghcr.io/metal-stack/machine-controller-manager-provider-metal
         repository: https://github.com/metal-stack/machine-controller-manager-provider-metal