diff --git a/build.gradle b/build.gradle
index b79c8013e..a00b716f4 100644
--- a/build.gradle
+++ b/build.gradle
@@ -756,3 +756,22 @@ task runRally {
         }
     }
 }
+
+// versionIncrement: Task to auto increment to the next development iteration
+task versionIncrement {
+    onlyIf { System.getProperty('newVersion') }
+    doLast {
+        ext.newVersion = System.getProperty('newVersion')
+        println "Setting version to ${newVersion}."
+        // String tokenization to support -SNAPSHOT
+        ant.replaceregexp(match: opensearch_version.tokenize('-')[0], replace: newVersion.tokenize('-')[0], flags:'g', byline:true) {
+            fileset(dir: projectDir) {
+                // Include the required files that needs to be updated with new Version
+                include(name: "INSTALL.md")
+                include(name: "docker/Dockerfile")
+                include(name: "src/main/resources/plugin-descriptor.properties")
+            }
+        }
+        ant.replaceregexp(file:'build.gradle', match: '"opensearch.version", "\\d.*"', replace: '"opensearch.version", "' + newVersion.tokenize('-')[0] + '-SNAPSHOT"', flags:'g', byline:true)
+    }
+}
\ No newline at end of file