diff --git a/pkg/version/dev.go b/pkg/version/dev.go
index 1b8a39071..001ff0cb3 100644
--- a/pkg/version/dev.go
+++ b/pkg/version/dev.go
@@ -3,6 +3,6 @@
 
 package version
 
-const Version = "v1.48.4-833d9428-dev"
+const Version = "v1.49.0-8a89408f-dev"
 
-const VersionGitRef = "833d9428"
+const VersionGitRef = "8a89408f"
diff --git a/pkg/version/version.go b/pkg/version/version.go
index cb2f34d94..3a2dfe855 100644
--- a/pkg/version/version.go
+++ b/pkg/version/version.go
@@ -3,6 +3,6 @@
 
 package version
 
-const Version = "v1.48.4-833d9428"
+const Version = "v1.49.0-8a89408f"
 
-const VersionGitRef = "833d9428"
+const VersionGitRef = "8a89408f"