diff --git a/charts/csm-application-mobility/Chart.yaml b/charts/csm-application-mobility/Chart.yaml
index a240d132..f1f62677 100644
--- a/charts/csm-application-mobility/Chart.yaml
+++ b/charts/csm-application-mobility/Chart.yaml
@@ -6,13 +6,13 @@ type: application
 # This is the chart version. This version number should be incremented each time you make changes
 # to the chart and its templates, including the app version.
 # Versions are expected to follow Semantic Versioning (https://semver.org/)
-version: 1.0.3
+version: 0.3.0
 
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application. Versions are not expected to
 # follow Semantic Versioning. They should reflect the version the application is using.
 # It is recommended to use it with quotes.
-appVersion: "1.0.3"
+appVersion: "0.3.0"
 
 dependencies:
 - name: cert-manager
@@ -22,4 +22,4 @@ dependencies:
 - name: velero
   version: 2.29.8
   repository: https://vmware-tanzu.github.io/helm-charts
-  condition: velero.enabled
\ No newline at end of file
+  condition: velero.enabled
diff --git a/charts/csm-application-mobility/values.yaml b/charts/csm-application-mobility/values.yaml
index bb142423..456c5853 100644
--- a/charts/csm-application-mobility/values.yaml
+++ b/charts/csm-application-mobility/values.yaml
@@ -8,7 +8,7 @@ image:
   pullPolicy: IfNotPresent
 
 controller:
-  image: dellemc/csm-application-mobility-controller:v1.0.3
+  image: dellemc/csm-application-mobility-controller:v0.3.0
 
 # csm-application-mobility requires cert-manager. If cert-manager is not already present in cluster, set enabled to true to install it too.
 cert-manager:
@@ -70,7 +70,7 @@ velero:
 
   initContainers:
   - name: dell-custom-velero-plugin
-    image: dellemc/csm-application-mobility-velero-plugin:v1.0.3
+    image: dellemc/csm-application-mobility-velero-plugin:v0.3.0
     volumeMounts:
     - mountPath: /target
       name: plugins