diff --git a/docs/development.md b/docs/development.md
index e8abe0b3..613d14c8 100644
--- a/docs/development.md
+++ b/docs/development.md
@@ -40,7 +40,7 @@ cd src/bosh_aws_cpi
 
 ### Creating a Release
 
-The release requires Ruby version 3.1.2 and the Ruby gem Bundler (used by the vendoring script):
+The release requires Ruby version 3.2.3 and the Ruby gem Bundler (used by the vendoring script):
 
 ```
 gem install bundler
diff --git a/jobs/aws_cpi/spec b/jobs/aws_cpi/spec
index 59958d51..65a2f6e5 100644
--- a/jobs/aws_cpi/spec
+++ b/jobs/aws_cpi/spec
@@ -7,7 +7,7 @@ templates:
   cpi_ctl.erb: bin/cpi_ctl
 
 packages:
-- aws-cpi-ruby-3.1
+- aws-cpi-ruby-3.2
 - bosh_aws_cpi
 
 properties:
diff --git a/jobs/aws_cpi/templates/cpi.erb b/jobs/aws_cpi/templates/cpi.erb
index cc24db5b..fc92ce06 100644
--- a/jobs/aws_cpi/templates/cpi.erb
+++ b/jobs/aws_cpi/templates/cpi.erb
@@ -3,7 +3,7 @@
 set -e
 
 BOSH_PACKAGES_DIR=${BOSH_PACKAGES_DIR:-/var/vcap/packages}
-source ${BOSH_PACKAGES_DIR}/aws-cpi-ruby-3.1/bosh/runtime.env
+source ${BOSH_PACKAGES_DIR}/aws-cpi-ruby-3.2/bosh/runtime.env
 BOSH_JOBS_DIR=${BOSH_JOBS_DIR:-/var/vcap/jobs}
 export HOME=~
 
diff --git a/packages/aws-cpi-ruby-3.1/spec.lock b/packages/aws-cpi-ruby-3.1/spec.lock
deleted file mode 100644
index 23200913..00000000
--- a/packages/aws-cpi-ruby-3.1/spec.lock
+++ /dev/null
@@ -1,2 +0,0 @@
-name: aws-cpi-ruby-3.1
-fingerprint: 0819e682a5d6016fbd752f989c809498dd4beb03871b1993f739e93143b45614
diff --git a/packages/bosh_aws_cpi/packaging b/packages/bosh_aws_cpi/packaging
index 907a3870..8c4dd0ac 100644
--- a/packages/bosh_aws_cpi/packaging
+++ b/packages/bosh_aws_cpi/packaging
@@ -4,7 +4,7 @@ set -e
 
 BOSH_PACKAGES_DIR=${BOSH_PACKAGES_DIR:-/var/vcap/packages}
 
-source ${BOSH_PACKAGES_DIR}/aws-cpi-ruby-3.1/bosh/compile.env
+source ${BOSH_PACKAGES_DIR}/aws-cpi-ruby-3.2/bosh/compile.env
 
 cp -a bosh_aws_cpi/* ${BOSH_INSTALL_TARGET}
 
diff --git a/packages/bosh_aws_cpi/spec b/packages/bosh_aws_cpi/spec
index 73eb3d5a..bb600c93 100644
--- a/packages/bosh_aws_cpi/spec
+++ b/packages/bosh_aws_cpi/spec
@@ -1,7 +1,7 @@
 ---
 name: bosh_aws_cpi
 dependencies:
-- aws-cpi-ruby-3.1
+- aws-cpi-ruby-3.2
 files:
 - bosh_aws_cpi/Gemfile
 - bosh_aws_cpi/Gemfile.lock
diff --git a/src/bosh_aws_cpi/.ruby-version b/src/bosh_aws_cpi/.ruby-version
index 0aec50e6..b347b11e 100644
--- a/src/bosh_aws_cpi/.ruby-version
+++ b/src/bosh_aws_cpi/.ruby-version
@@ -1 +1 @@
-3.1.4
+3.2.3