diff --git a/bundles/com.espressif.idf.branding/META-INF/MANIFEST.MF b/bundles/com.espressif.idf.branding/META-INF/MANIFEST.MF
index 5ee5e2e92..c1f4aa678 100644
--- a/bundles/com.espressif.idf.branding/META-INF/MANIFEST.MF
+++ b/bundles/com.espressif.idf.branding/META-INF/MANIFEST.MF
@@ -2,7 +2,7 @@ Manifest-Version: 1.0
 Bundle-ManifestVersion: 2
 Bundle-Name: %pluginName
 Bundle-SymbolicName: com.espressif.idf.branding;singleton:=true
-Bundle-Version: 3.1.1.qualifier
+Bundle-Version: 3.2.0.qualifier
 Bundle-Vendor: %providerName
 Bundle-Localization: plugin
 Bundle-RequiredExecutionEnvironment: JavaSE-17
diff --git a/features/com.espressif.idf.feature/feature.xml b/features/com.espressif.idf.feature/feature.xml
index f62666de6..b00c44b9c 100644
--- a/features/com.espressif.idf.feature/feature.xml
+++ b/features/com.espressif.idf.feature/feature.xml
@@ -2,7 +2,7 @@
 <feature
       id="com.espressif.idf.feature"
       label="ESP-IDF Plugins for Eclipse"
-      version="3.1.1.qualifier"
+      version="3.2.0.qualifier"
       provider-name="ESPRESSIF SYSTEMS (SHANGHAI) CO., LTD"
       plugin="com.espressif.idf.branding">
 
diff --git a/releng/com.espressif.idf.configuration/pom.xml b/releng/com.espressif.idf.configuration/pom.xml
index 979791915..bc7857466 100644
--- a/releng/com.espressif.idf.configuration/pom.xml
+++ b/releng/com.espressif.idf.configuration/pom.xml
@@ -10,7 +10,7 @@
 		<tycho-version>4.0.6</tycho-version>
 		<tycho-extras.version>${tycho-version}</tycho-extras.version>
 		<project.build.sourceEncoding>UTF-8</project.build.sourceEncoding>
-		<espressif-ide-release-version>3.1.1</espressif-ide-release-version>
+		<espressif-ide-release-version>3.2.0</espressif-ide-release-version>
 	</properties>
 
 	<build>
diff --git a/releng/com.espressif.idf.product/idf.product b/releng/com.espressif.idf.product/idf.product
index aa15596c8..8fda3c7b5 100644
--- a/releng/com.espressif.idf.product/idf.product
+++ b/releng/com.espressif.idf.product/idf.product
@@ -1,7 +1,7 @@
 <?xml version="1.0" encoding="UTF-8"?>
 <?pde version="3.5"?>
 
-<product name="Espressif-IDE" uid="com.espressif.idf.product" id="com.espressif.idf.branding.idf" application="org.eclipse.ui.ide.workbench" version="3.1.1" type="mixed" includeLaunchers="true" autoIncludeRequirements="true">
+<product name="Espressif-IDE" uid="com.espressif.idf.product" id="com.espressif.idf.branding.idf" application="org.eclipse.ui.ide.workbench" version="3.2.0" type="mixed" includeLaunchers="true" autoIncludeRequirements="true">
 
    <aboutInfo>
       <image path="/com.espressif.idf.branding/icons/alt_about.png"/>