diff --git a/README.md b/README.md
index 4a88e2f10..cbaf6a1ca 100644
--- a/README.md
+++ b/README.md
@@ -107,7 +107,7 @@ registry.k8s.io/cloud-pv-vsphere/cloud-provider-vsphere:v1.30.1
 Official releases of the vSphere Cloud Controller Manager container image can be found at:
 
 ```bash
-registry.k8s.io/cloud-pv-vsphere/cloud-provider-vsphere:v1.31.0 # <== latest version
+registry.k8s.io/cloud-pv-vsphere/cloud-provider-vsphere:v1.31.1 # <== latest version
 ```
 
 The very latest builds from the tip of master, which may not be stable, can be found at:
diff --git a/charts/vsphere-cpi-1.31.1.tgz b/charts/vsphere-cpi-1.31.1.tgz
new file mode 100644
index 000000000..c95371d06
Binary files /dev/null and b/charts/vsphere-cpi-1.31.1.tgz differ
diff --git a/charts/vsphere-cpi/Chart.yaml b/charts/vsphere-cpi/Chart.yaml
index d961b867f..6256d0387 100644
--- a/charts/vsphere-cpi/Chart.yaml
+++ b/charts/vsphere-cpi/Chart.yaml
@@ -1,8 +1,8 @@
 apiVersion: v2
-appVersion: 1.31.0
+appVersion: 1.31.1
 description: A Helm chart for vSphere Cloud Provider Interface Manager (CPI)
 name: vsphere-cpi
-version: 1.31.0
+version: 1.31.1
 keywords:
   - vsphere
   - vmware
diff --git a/charts/vsphere-cpi/README.md b/charts/vsphere-cpi/README.md
index 3f5ceae1d..6a325b91f 100644
--- a/charts/vsphere-cpi/README.md
+++ b/charts/vsphere-cpi/README.md
@@ -149,7 +149,7 @@ helm repo add vsphere-cpi https://kubernetes.github.io/cloud-provider-vsphere
 helm repo update
 
 # Package CPI Chart
-VERSION=1.30.1
+VERSION=1.31.1
 cd charts
 helm package vsphere-cpi --version $VERSION --app-version $VERSION
 
diff --git a/charts/vsphere-cpi/values.yaml b/charts/vsphere-cpi/values.yaml
index 5cc04ca96..aa554c8a4 100644
--- a/charts/vsphere-cpi/values.yaml
+++ b/charts/vsphere-cpi/values.yaml
@@ -49,7 +49,7 @@ serviceAccount:
 daemonset:
   annotations: {}
   image: registry.k8s.io/cloud-pv-vsphere/cloud-provider-vsphere
-  tag: v1.31.0
+  tag: v1.31.1
   pullPolicy: IfNotPresent
   dnsPolicy: ClusterFirst
   cmdline:
diff --git a/cluster/images/controller-manager/Dockerfile b/cluster/images/controller-manager/Dockerfile
index 93ba98c48..42c0b6bf0 100644
--- a/cluster/images/controller-manager/Dockerfile
+++ b/cluster/images/controller-manager/Dockerfile
@@ -27,7 +27,7 @@ ARG DISTROLESS_IMAGE=gcr.io/distroless/static-debian11:latest
 FROM ${GOLANG_IMAGE} as builder
 
 # This build arg is the version to embed in the CPI binary
-ARG VERSION=1.31.0
+ARG VERSION=1.31.1
 
 # This build arg controls the GOPROXY setting
 ARG GOPROXY
diff --git a/docs/book/tutorials/disable-node-deletion.yaml b/docs/book/tutorials/disable-node-deletion.yaml
index 9bdc6159f..6bea2ee5c 100644
--- a/docs/book/tutorials/disable-node-deletion.yaml
+++ b/docs/book/tutorials/disable-node-deletion.yaml
@@ -233,7 +233,7 @@ spec:
       priorityClassName: system-node-critical
       containers:
         - name: vsphere-cloud-controller-manager
-          image: registry.k8s.io/cloud-pv-vsphere/cloud-provider-vsphere:v1.31.0
+          image: registry.k8s.io/cloud-pv-vsphere/cloud-provider-vsphere:v1.31.1
           args:
             - --cloud-provider=vsphere
             - --v=2
diff --git a/index.yaml b/index.yaml
index def6b9d27..5d27b9920 100644
--- a/index.yaml
+++ b/index.yaml
@@ -1,9 +1,28 @@
 apiVersion: v1
 entries:
   vsphere-cpi:
+  - apiVersion: v2
+    appVersion: 1.31.1
+    created: "2024-10-31T20:02:33.496145-07:00"
+    description: A Helm chart for vSphere Cloud Provider Interface Manager (CPI)
+    digest: ea9c81b63cb212fc82a5313bbb712c7adbac9c0f04b83673de7dfe2b5c62db0d
+    home: https://github.com/kubernetes/cloud-provider-vsphere
+    icon: https://raw.githubusercontent.com/kubernetes/cloud-provider-vsphere/master/docs/vmware_logo.png
+    keywords:
+    - vsphere
+    - vmware
+    - cloud
+    - provider
+    - cpi
+    name: vsphere-cpi
+    sources:
+    - https://github.com/kubernetes/cloud-provider-vsphere
+    urls:
+    - https://kubernetes.github.io/cloud-provider-vsphere/charts/vsphere-cpi-1.31.1.tgz
+    version: 1.31.1
   - apiVersion: v2
     appVersion: v1.31.0
-    created: "2024-08-14T09:37:55.809881716+05:30"
+    created: "2024-10-31T20:02:33.501056-07:00"
     description: A Helm chart for vSphere Cloud Provider Interface Manager (CPI)
     digest: e2855b10483653a56451c1dff2b08344e7d09354da07cf341998436f48d09e97
     home: https://github.com/kubernetes/cloud-provider-vsphere
@@ -22,7 +41,7 @@ entries:
     version: v1.31.0
   - apiVersion: v2
     appVersion: v1.30.1
-    created: "2024-08-14T09:37:55.808919104+05:30"
+    created: "2024-10-31T20:02:33.499729-07:00"
     description: A Helm chart for vSphere Cloud Provider Interface Manager (CPI)
     digest: 7ce235ded9ebd341170d8285615df00d2df565a181c7735ec3454001315f866e
     home: https://github.com/kubernetes/cloud-provider-vsphere
@@ -41,7 +60,7 @@ entries:
     version: v1.30.1
   - apiVersion: v2
     appVersion: v1.30.0
-    created: "2024-08-14T09:37:55.80800639+05:30"
+    created: "2024-10-31T20:02:33.498377-07:00"
     description: A Helm chart for vSphere Cloud Provider Interface Manager (CPI)
     digest: 86719831dd7d9edeff9b54e2854a36ac3c13d23fa959d56e93bba681e55d65d6
     home: https://github.com/kubernetes/cloud-provider-vsphere
@@ -60,7 +79,7 @@ entries:
     version: v1.30.0
   - apiVersion: v2
     appVersion: 1.29.0
-    created: "2024-08-14T09:37:55.805766352+05:30"
+    created: "2024-10-31T20:02:33.495226-07:00"
     description: A Helm chart for vSphere Cloud Provider Interface Manager (CPI)
     digest: 68bcac15c329570ff41ab5f7c6c4387e40eede03eca6b95fea73e3667b194564
     home: https://github.com/kubernetes/cloud-provider-vsphere
@@ -79,7 +98,7 @@ entries:
     version: 1.29.0
   - apiVersion: v2
     appVersion: 1.28.0
-    created: "2024-08-14T09:37:55.803517868+05:30"
+    created: "2024-10-31T20:02:33.492481-07:00"
     description: A Helm chart for vSphere Cloud Provider Interface Manager (CPI)
     digest: 2cb4772b757548de51481089706e6c2f1a2cbfe72eef9c8e673b9e22e8e1e9e0
     home: https://github.com/kubernetes/cloud-provider-vsphere
@@ -98,7 +117,7 @@ entries:
     version: 1.28.0
   - apiVersion: v2
     appVersion: 1.27.0
-    created: "2024-08-14T09:37:55.800375931+05:30"
+    created: "2024-10-31T20:02:33.491433-07:00"
     description: A Helm chart for vSphere Cloud Provider Interface Manager (CPI)
     digest: 4b70f3e1ac580079f4600703bef4fc2007e87e96e587c866657a6e91fad83a1c
     home: https://github.com/kubernetes/cloud-provider-vsphere
@@ -117,7 +136,7 @@ entries:
     version: 1.27.0
   - apiVersion: v2
     appVersion: 1.26.0
-    created: "2024-08-14T09:37:55.796636061+05:30"
+    created: "2024-10-31T20:02:33.490053-07:00"
     description: A Helm chart for vSphere Cloud Provider Interface Manager (CPI)
     digest: 2ecf416700c819f408eedf9263d08dbc04cd61969576be13d8935f15605f4a69
     home: https://github.com/kubernetes/cloud-provider-vsphere
@@ -136,7 +155,7 @@ entries:
     version: 1.26.0
   - apiVersion: v2
     appVersion: 1.25.0
-    created: "2024-08-14T09:37:55.795869262+05:30"
+    created: "2024-10-31T20:02:33.488727-07:00"
     description: A Helm chart for vSphere Cloud Provider Interface Manager (CPI)
     digest: 3d48df49fdfb8bda6b5cec1d9e9f566183a150c8c01e111eec5e22ab1f557e31
     home: https://github.com/kubernetes/cloud-provider-vsphere
@@ -155,7 +174,7 @@ entries:
     version: 1.25.0
   - apiVersion: v2
     appVersion: 1.24.2
-    created: "2024-08-14T09:37:55.795131865+05:30"
+    created: "2024-10-31T20:02:33.487653-07:00"
     description: A Helm chart for vSphere Cloud Provider Interface Manager (CPI)
     digest: d0bfaf8a081128f9477b8d8ff00079f8506d4aa2ea899f55511d06400179b159
     home: https://github.com/kubernetes/cloud-provider-vsphere
@@ -174,7 +193,7 @@ entries:
     version: 1.24.2
   - apiVersion: v2
     appVersion: 1.24.1
-    created: "2024-08-14T09:37:55.794448337+05:30"
+    created: "2024-10-31T20:02:33.48659-07:00"
     description: A Helm chart for vSphere Cloud Provider Interface Manager (CPI)
     digest: 6e9dec3e4c6aaeed0d7f95aa2beade986d5a0a2261509b11479ceb1a51312096
     home: https://github.com/kubernetes/cloud-provider-vsphere
@@ -191,4 +210,4 @@ entries:
     urls:
     - https://kubernetes.github.io/cloud-provider-vsphere/charts/vsphere-cpi-1.24.1.tgz
     version: 1.24.1
-generated: "2024-08-14T09:37:55.792976716+05:30"
+generated: "2024-10-31T20:02:33.48455-07:00"
diff --git a/manifests/controller-manager/vsphere-cloud-controller-manager-ds.yaml b/manifests/controller-manager/vsphere-cloud-controller-manager-ds.yaml
index 864dc07e0..1ee10fd76 100644
--- a/manifests/controller-manager/vsphere-cloud-controller-manager-ds.yaml
+++ b/manifests/controller-manager/vsphere-cloud-controller-manager-ds.yaml
@@ -43,7 +43,7 @@ spec:
       serviceAccountName: cloud-controller-manager
       containers:
         - name: vsphere-cloud-controller-manager
-          image: registry.k8s.io/cloud-pv-vsphere/cloud-provider-vsphere:v1.31.0
+          image: registry.k8s.io/cloud-pv-vsphere/cloud-provider-vsphere:v1.31.1
           args:
             - --v=2
             - --cloud-provider=vsphere
diff --git a/manifests/controller-manager/vsphere-cloud-controller-manager-pod.yaml b/manifests/controller-manager/vsphere-cloud-controller-manager-pod.yaml
index 6cf266a36..d39abe7c8 100644
--- a/manifests/controller-manager/vsphere-cloud-controller-manager-pod.yaml
+++ b/manifests/controller-manager/vsphere-cloud-controller-manager-pod.yaml
@@ -19,7 +19,7 @@ metadata:
 spec:
   containers:
     - name: vsphere-cloud-controller-manager
-      image: registry.k8s.io/cloud-pv-vsphere/cloud-provider-vsphere:v1.31.0
+      image: registry.k8s.io/cloud-pv-vsphere/cloud-provider-vsphere:v1.31.1
       args:
         - --v=2
         - --cloud-config=/etc/cloud/vsphere.conf
diff --git a/releases/README.md b/releases/README.md
index 116f4c88f..000d20891 100644
--- a/releases/README.md
+++ b/releases/README.md
@@ -8,7 +8,7 @@ Note that YAML files from [manifests/controller-manager repo](https://github.com
 
 ## Example workflow
 
-In this tutorial, we will be installing the latest version of cloud provider vsphere(v1.31.0) freshly. If you have an older version of CPI already installed, the steps to deploy and upgrade CPI stay the same. With our `RollingUpdate` update strategy, after you update a DaemonSet template, old DaemonSet pods will be killed, and new DaemonSet pods will be created automatically.
+In this tutorial, we will be installing the latest version of cloud provider vsphere(v1.31.1) freshly. If you have an older version of CPI already installed, the steps to deploy and upgrade CPI stay the same. With our `RollingUpdate` update strategy, after you update a DaemonSet template, old DaemonSet pods will be killed, and new DaemonSet pods will be created automatically.
 
 ### Step 1: find the kubernetes major version you are using
 
diff --git a/releases/v1.31/vsphere-cloud-controller-manager.yaml b/releases/v1.31/vsphere-cloud-controller-manager.yaml
index d963fefd4..924dbaf1a 100644
--- a/releases/v1.31/vsphere-cloud-controller-manager.yaml
+++ b/releases/v1.31/vsphere-cloud-controller-manager.yaml
@@ -234,7 +234,7 @@ spec:
       priorityClassName: system-node-critical
       containers:
         - name: vsphere-cloud-controller-manager
-          image: registry.k8s.io/cloud-pv-vsphere/cloud-provider-vsphere:v1.31.0
+          image: registry.k8s.io/cloud-pv-vsphere/cloud-provider-vsphere:v1.31.1
           args:
             - --cloud-provider=vsphere
             - --v=2
diff --git a/test/e2e/config/vsphere-ci.yaml b/test/e2e/config/vsphere-ci.yaml
index 38b0c12f7..a0b71cbaa 100644
--- a/test/e2e/config/vsphere-ci.yaml
+++ b/test/e2e/config/vsphere-ci.yaml
@@ -73,7 +73,7 @@ variables:
   KUBERNETES_VERSION_LATEST_CI: "ci/latest-1.32"
   KUBERNETES_VERSION_UPGRADE_FROM: "v1.30.0"
   KUBERNETES_VERSION_UPGRADE_TO: "v1.31.0"
-  CPI_IMAGE_K8S_VERSION: "v1.31.0"
+  CPI_IMAGE_K8S_VERSION: "v1.31.1"
   CNI: "./data/cni/calico/calico.yaml"
   EXP_CLUSTER_RESOURCE_SET: "true"
   EXP_KUBEADM_BOOTSTRAP_FORMAT_IGNITION: "true"