diff --git a/platform/mellanox/hw-management.mk b/platform/mellanox/hw-management.mk
index c273f779cbb2..4929a5500df1 100644
--- a/platform/mellanox/hw-management.mk
+++ b/platform/mellanox/hw-management.mk
@@ -1,6 +1,6 @@
 # Mellanox HW Management
 
-MLNX_HW_MANAGEMENT_VERSION = 7.0010.2000
+MLNX_HW_MANAGEMENT_VERSION = 7.0010.2002
 
 export MLNX_HW_MANAGEMENT_VERSION
 
diff --git a/platform/mellanox/hw-management/hw-mgmt b/platform/mellanox/hw-management/hw-mgmt
index 4ae17192db86..298ffebcb802 160000
--- a/platform/mellanox/hw-management/hw-mgmt
+++ b/platform/mellanox/hw-management/hw-mgmt
@@ -1 +1 @@
-Subproject commit 4ae17192db868de19ea0725860b320c0d319d23a
+Subproject commit 298ffebcb8026caafba36727ce2fba1f26b100aa