diff --git a/avm/res/api-management/service/README.md b/avm/res/api-management/service/README.md
index b8ca4b6ec8..c8655929a4 100644
--- a/avm/res/api-management/service/README.md
+++ b/avm/res/api-management/service/README.md
@@ -1447,10 +1447,12 @@ The pricing tier of this API Management service.
   ```Bicep
   [
     'Basic'
+    'BasicV2'
     'Consumption'
     'Developer'
     'Premium'
     'Standard'
+    'StandardV2'
   ]
   ```
 
diff --git a/avm/res/api-management/service/main.bicep b/avm/res/api-management/service/main.bicep
index 429f44edce..e65e5ca832 100644
--- a/avm/res/api-management/service/main.bicep
+++ b/avm/res/api-management/service/main.bicep
@@ -61,6 +61,8 @@ param roleAssignments roleAssignmentType
   'Basic'
   'Standard'
   'Premium'
+  'StandardV2'
+  'BasicV2'
 ])
 param sku string = 'Developer'
 
diff --git a/avm/res/api-management/service/main.json b/avm/res/api-management/service/main.json
index 3a2f0a0a9c..6e828a8cfc 100644
--- a/avm/res/api-management/service/main.json
+++ b/avm/res/api-management/service/main.json
@@ -5,8 +5,8 @@
   "metadata": {
     "_generator": {
       "name": "bicep",
-      "version": "0.26.54.24096",
-      "templateHash": "7048259745072727177"
+      "version": "0.26.170.59819",
+      "templateHash": "9015161253443271926"
     },
     "name": "API Management Services",
     "description": "This module deploys an API Management Service.",
@@ -371,7 +371,9 @@
         "Developer",
         "Basic",
         "Standard",
-        "Premium"
+        "Premium",
+        "StandardV2",
+        "BasicV2"
       ],
       "metadata": {
         "description": "Optional. The pricing tier of this API Management service."
@@ -746,8 +748,8 @@
           "metadata": {
             "_generator": {
               "name": "bicep",
-              "version": "0.26.54.24096",
-              "templateHash": "5827467280453778347"
+              "version": "0.26.170.59819",
+              "templateHash": "4982579131778182813"
             },
             "name": "API Management Service APIs",
             "description": "This module deploys an API Management Service API.",
@@ -1008,8 +1010,8 @@
                   "metadata": {
                     "_generator": {
                       "name": "bicep",
-                      "version": "0.26.54.24096",
-                      "templateHash": "11734266416309377949"
+                      "version": "0.26.170.59819",
+                      "templateHash": "7030990401011468302"
                     },
                     "name": "API Management Service APIs Policies",
                     "description": "This module deploys an API Management Service API Policy.",
@@ -1154,8 +1156,8 @@
           "metadata": {
             "_generator": {
               "name": "bicep",
-              "version": "0.26.54.24096",
-              "templateHash": "14411287735172753559"
+              "version": "0.26.170.59819",
+              "templateHash": "2022925118326989470"
             },
             "name": "API Management Service API Version Sets",
             "description": "This module deploys an API Management Service API Version Set.",
@@ -1270,8 +1272,8 @@
           "metadata": {
             "_generator": {
               "name": "bicep",
-              "version": "0.26.54.24096",
-              "templateHash": "505882801529152233"
+              "version": "0.26.170.59819",
+              "templateHash": "18174659605054562490"
             },
             "name": "API Management Service Authorization Servers",
             "description": "This module deploys an API Management Service Authorization Server.",
@@ -1513,8 +1515,8 @@
           "metadata": {
             "_generator": {
               "name": "bicep",
-              "version": "0.26.54.24096",
-              "templateHash": "5914852504306173482"
+              "version": "0.26.170.59819",
+              "templateHash": "2373122860271627831"
             },
             "name": "API Management Service Backends",
             "description": "This module deploys an API Management Service Backend.",
@@ -1697,8 +1699,8 @@
           "metadata": {
             "_generator": {
               "name": "bicep",
-              "version": "0.26.54.24096",
-              "templateHash": "5452536693649070190"
+              "version": "0.26.170.59819",
+              "templateHash": "7716740574911932509"
             },
             "name": "API Management Service Caches",
             "description": "This module deploys an API Management Service Cache.",
@@ -1832,8 +1834,8 @@
           "metadata": {
             "_generator": {
               "name": "bicep",
-              "version": "0.26.54.24096",
-              "templateHash": "6944159515007886666"
+              "version": "0.26.170.59819",
+              "templateHash": "3154989001112723220"
             },
             "name": "API Management Service Identity Providers",
             "description": "This module deploys an API Management Service Identity Provider.",
@@ -2019,8 +2021,8 @@
           "metadata": {
             "_generator": {
               "name": "bicep",
-              "version": "0.26.54.24096",
-              "templateHash": "17256518550792037410"
+              "version": "0.26.170.59819",
+              "templateHash": "8836145661772426348"
             },
             "name": "API Management Service Named Values",
             "description": "This module deploys an API Management Service Named Value.",
@@ -2160,8 +2162,8 @@
           "metadata": {
             "_generator": {
               "name": "bicep",
-              "version": "0.26.54.24096",
-              "templateHash": "6528716876560144579"
+              "version": "0.26.170.59819",
+              "templateHash": "17742652979966426375"
             },
             "name": "API Management Service Portal Settings",
             "description": "This module deploys an API Management Service Portal Setting.",
@@ -2257,8 +2259,8 @@
           "metadata": {
             "_generator": {
               "name": "bicep",
-              "version": "0.26.54.24096",
-              "templateHash": "12407621079025229005"
+              "version": "0.26.170.59819",
+              "templateHash": "11401408412631964174"
             },
             "name": "API Management Service Policies",
             "description": "This module deploys an API Management Service Policy.",
@@ -2373,8 +2375,8 @@
           "metadata": {
             "_generator": {
               "name": "bicep",
-              "version": "0.26.54.24096",
-              "templateHash": "2407987626180908324"
+              "version": "0.26.170.59819",
+              "templateHash": "11338797354163447995"
             },
             "name": "API Management Service Products",
             "description": "This module deploys an API Management Service Product.",
@@ -2495,8 +2497,8 @@
                   "metadata": {
                     "_generator": {
                       "name": "bicep",
-                      "version": "0.26.54.24096",
-                      "templateHash": "2440306385645798125"
+                      "version": "0.26.170.59819",
+                      "templateHash": "11861068623935926152"
                     },
                     "name": "API Management Service Products APIs",
                     "description": "This module deploys an API Management Service Product API.",
@@ -2585,8 +2587,8 @@
                   "metadata": {
                     "_generator": {
                       "name": "bicep",
-                      "version": "0.26.54.24096",
-                      "templateHash": "7056381119937736015"
+                      "version": "0.26.170.59819",
+                      "templateHash": "16009390664131411394"
                     },
                     "name": "API Management Service Products Groups",
                     "description": "This module deploys an API Management Service Product Group.",
@@ -2742,8 +2744,8 @@
           "metadata": {
             "_generator": {
               "name": "bicep",
-              "version": "0.26.54.24096",
-              "templateHash": "12071485798846786639"
+              "version": "0.26.170.59819",
+              "templateHash": "1707587491854823408"
             },
             "name": "API Management Service Subscriptions",
             "description": "This module deploys an API Management Service Subscription.",
@@ -2897,4 +2899,4 @@
       "value": "[reference('service', '2021-08-01', 'full').location]"
     }
   }
-}
\ No newline at end of file
+}