diff --git a/opentelemetry/chart/values.yaml b/opentelemetry/chart/values.yaml
index 46766f1a..97c1a5ef 100644
--- a/opentelemetry/chart/values.yaml
+++ b/opentelemetry/chart/values.yaml
@@ -55,7 +55,7 @@ opentelemetry-operator:
       tag: "4072695"
     image:
       repository: ghcr.io/open-telemetry/opentelemetry-operator/opentelemetry-operator
-      tag: v0.110.0
+      tag: v0.113.0
     deploymentAnnotations:
       vpa-butler.cloud.sap/update-mode: Auto
     prometheusRule: