diff --git a/MCM_VERSION b/MCM_VERSION
index 60508e24..5fff597b 100644
--- a/MCM_VERSION
+++ b/MCM_VERSION
@@ -1 +1 @@
-v0.49.1
\ No newline at end of file
+v0.49.3
\ No newline at end of file
diff --git a/go.mod b/go.mod
index 7b6a5afe..ae7653c0 100644
--- a/go.mod
+++ b/go.mod
@@ -3,7 +3,7 @@ module github.com/gardener/machine-controller-manager-provider-vsphere
 go 1.19
 
 require (
-	github.com/gardener/machine-controller-manager v0.49.1
+	github.com/gardener/machine-controller-manager v0.49.3
 	github.com/onsi/ginkgo v1.16.2
 	github.com/onsi/gomega v1.27.4
 	github.com/pkg/errors v0.9.1
diff --git a/go.sum b/go.sum
index 3048e21a..6e5e3b11 100644
--- a/go.sum
+++ b/go.sum
@@ -26,8 +26,8 @@ github.com/fsnotify/fsnotify v1.4.7/go.mod h1:jwhsz4b93w/PPRr/qN1Yymfu8t87LnFCMo
 github.com/fsnotify/fsnotify v1.4.9/go.mod h1:znqG4EE+3YCdAaPaxE2ZRY/06pZUdp0tY4IgpuI1SZQ=
 github.com/fsnotify/fsnotify v1.6.0 h1:n+5WquG0fcWoWp6xPWfHdbskMCQaFnG6PfBrh1Ky4HY=
 github.com/fsnotify/fsnotify v1.6.0/go.mod h1:sl3t1tCWJFWoRz9R8WJCbQihKKwmorjAbSClcnxKAGw=
-github.com/gardener/machine-controller-manager v0.49.1 h1:gzI0NrXIU4KWfpj89xyVSf2xZdPLh+DkvDDst01OLBw=
-github.com/gardener/machine-controller-manager v0.49.1/go.mod h1:ypFf18+Y6mJpohfZrOJI+vq7NQ3Yn7Ke4ujW23u/6nM=
+github.com/gardener/machine-controller-manager v0.49.3 h1:/ghxZVMij00SpeaORMZJlodosePWWByrIOr8fcp45sU=
+github.com/gardener/machine-controller-manager v0.49.3/go.mod h1:ypFf18+Y6mJpohfZrOJI+vq7NQ3Yn7Ke4ujW23u/6nM=
 github.com/go-logr/logr v1.2.0/go.mod h1:jdQByPbusPIv2/zmleS9BjJVeZ6kBagPoEUsqbVz/1A=
 github.com/go-logr/logr v1.2.4 h1:g01GSCwiDw2xSZfjJ2/T9M+S6pFdcNtFYsp+Y43HYDQ=
 github.com/go-logr/logr v1.2.4/go.mod h1:jdQByPbusPIv2/zmleS9BjJVeZ6kBagPoEUsqbVz/1A=
diff --git a/vendor/modules.txt b/vendor/modules.txt
index bbe881a0..50893bcc 100644
--- a/vendor/modules.txt
+++ b/vendor/modules.txt
@@ -23,7 +23,7 @@ github.com/evanphx/json-patch
 # github.com/fsnotify/fsnotify v1.6.0
 ## explicit; go 1.16
 github.com/fsnotify/fsnotify
-# github.com/gardener/machine-controller-manager v0.49.1
+# github.com/gardener/machine-controller-manager v0.49.3
 ## explicit; go 1.19
 github.com/gardener/machine-controller-manager/pkg/apis/machine
 github.com/gardener/machine-controller-manager/pkg/apis/machine/v1alpha1