diff --git a/deploy/helm/charts/Chart.yaml b/deploy/helm/charts/Chart.yaml
index ced23da8..8d225483 100644
--- a/deploy/helm/charts/Chart.yaml
+++ b/deploy/helm/charts/Chart.yaml
@@ -1,8 +1,8 @@
 apiVersion: v2
 name: lvm-localpv
 description: CSI Driver for dynamic provisioning of LVM Persistent Local Volumes.
-version: 1.3.1
-appVersion: 1.3.0
+version: 1.4.0
+appVersion: 1.4.0
 icon: https://raw.githubusercontent.com/cncf/artwork/master/projects/openebs/icon/color/openebs-icon-color.png
 home: https://openebs.io/
 keywords:
diff --git a/deploy/helm/charts/values.yaml b/deploy/helm/charts/values.yaml
index f6c4da6b..ea2be28d 100644
--- a/deploy/helm/charts/values.yaml
+++ b/deploy/helm/charts/values.yaml
@@ -2,7 +2,7 @@
 # This is a YAML-formatted file.
 # Declare variables to be passed into your templates.
 release:
-  version: "1.3.0"
+  version: "1.4.0"
 
 imagePullSecrets:
 # - name: "image-pull-secret"
@@ -149,7 +149,7 @@ lvmPlugin:
     repository: openebs/lvm-driver
     pullPolicy: IfNotPresent
     # Overrides the image tag whose default is the chart appVersion.
-    tag: 1.3.0
+    tag: 1.4.0
   ioLimits:
     enabled: false
     containerRuntime: containerd