diff --git a/release/models/platform/openconfig-platform-common.yang b/release/models/platform/openconfig-platform-common.yang
index d0195804b..afb533067 100644
--- a/release/models/platform/openconfig-platform-common.yang
+++ b/release/models/platform/openconfig-platform-common.yang
@@ -20,7 +20,13 @@ submodule openconfig-platform-common {
     "This modules contains common groupings that are used in multiple
     components within the platform module.";
 
-  oc-ext:openconfig-version "0.23.0";
+  oc-ext:openconfig-version "0.24.0";
+
+  revision "2023-11-28" {
+    description
+      "Add model-name";
+    reference "0.24.0";
+  }
 
   revision "2023-02-13" {
     description
diff --git a/release/models/platform/openconfig-platform.yang b/release/models/platform/openconfig-platform.yang
index 7a1488ba4..bbcf931a6 100644
--- a/release/models/platform/openconfig-platform.yang
+++ b/release/models/platform/openconfig-platform.yang
@@ -65,7 +65,13 @@ module openconfig-platform {
     (presence or absence of a component) and state (physical
     attributes or status).";
 
-  oc-ext:openconfig-version "0.23.0";
+  oc-ext:openconfig-version "0.24.0";
+
+  revision "2023-11-28" {
+    description
+      "Add model-name";
+    reference "0.24.0";
+  }
 
   revision "2023-02-13" {
     description
@@ -463,6 +469,14 @@ module openconfig-platform {
         (field replaceable unit)";
     }
 
+    leaf model-name {
+      type string;
+      description
+        "A human readable string describing the model of a component.
+        This string is optional and should only be populated if part-no
+        is also populated.";
+    }
+
     leaf clei-code {
       type string;
       description