diff --git a/recipes-ti/mpm-transport/mpm-transport_git.bb b/recipes-ti/mpm-transport/mpm-transport_git.bb
index ee28f2f2..0690807d 100644
--- a/recipes-ti/mpm-transport/mpm-transport_git.bb
+++ b/recipes-ti/mpm-transport/mpm-transport_git.bb
@@ -15,11 +15,11 @@ PACKAGE_ARCH = "${MACHINE_ARCH}"
 SRC_URI = "git://git.ti.com/keystone-linux/mpm-transport.git;protocol=git;branch=${BRANCH}"
 
 BRANCH = "master"
-# This commit corresponds to tag DEV.MPM-TRANSPORT-02.00.02.00A
-SRCREV = "7284e75d36b265ef8535d2e2ee54d1f2c700e862"
+# This commit corresponds to tag DEV.MPM-TRANSPORT-02.00.03.00
+SRCREV = "ba53217c5db1a6f9d21a0c8f50e9e30a6efa8be8"
 
-PV = "2.0.2.0"
-PR = "r1"
+PV = "2.0.3.0"
+PR = "r0"
 
 EXTRA_OEMAKE = "PDK_INSTALL_PATH=${STAGING_INCDIR}"
 EXTRA_OEMAKE_append_k2hk-evm += "HYPLNK_TRANSPORT=true SRIO_TRANSPORT=true"