diff --git a/platform/mellanox/hw-management.mk b/platform/mellanox/hw-management.mk
index 6144ce67a74..0c8c8c1b548 100644
--- a/platform/mellanox/hw-management.mk
+++ b/platform/mellanox/hw-management.mk
@@ -16,7 +16,7 @@
 #
 # Mellanox HW Management
 
-MLNX_HW_MANAGEMENT_VERSION = 7.0020.2004
+MLNX_HW_MANAGEMENT_VERSION = 7.0020.3006
 
 export MLNX_HW_MANAGEMENT_VERSION
 
diff --git a/platform/mellanox/hw-management/hw-mgmt b/platform/mellanox/hw-management/hw-mgmt
index ec2e9173e9f..137109ed15b 160000
--- a/platform/mellanox/hw-management/hw-mgmt
+++ b/platform/mellanox/hw-management/hw-mgmt
@@ -1 +1 @@
-Subproject commit ec2e9173e9f24cbc02eb87d81889d408528e090b
+Subproject commit 137109ed15be147a99b59ceb9dfa1799688dfb71