diff --git a/charts/ingress-nginx/Chart.yaml b/charts/ingress-nginx/Chart.yaml
index 7a87cf31a4..955e3d0b23 100644
--- a/charts/ingress-nginx/Chart.yaml
+++ b/charts/ingress-nginx/Chart.yaml
@@ -1,6 +1,6 @@
 apiVersion: v1
 name: ingress-nginx
-version: 2.6.0
+version: 2.7.0
 appVersion: 0.33.0
 home: https://github.com/kubernetes/ingress-nginx
 description: Ingress controller for Kubernetes using NGINX as a reverse proxy and load balancer
diff --git a/charts/ingress-nginx/README.md b/charts/ingress-nginx/README.md
index 978b28cf57..c102081816 100644
--- a/charts/ingress-nginx/README.md
+++ b/charts/ingress-nginx/README.md
@@ -79,6 +79,7 @@ Parameter | Description | Default
 `controller.autoscaling.maxReplicas` | If autoscaling enabled, this field sets maximum replica count | `11`
 `controller.autoscaling.targetCPUUtilizationPercentage` | Target CPU utilization percentage to scale | `"50"`
 `controller.autoscaling.targetMemoryUtilizationPercentage` | Target memory utilization percentage to scale | `"50"`
+`controller.autoscaling.autoscalingTemplate` | If autoscaling template provided, creates custom autoscaling metric | false
 `controller.hostPort.enabled` | This enable `hostPort` for ports defined in TCP/80 and TCP/443 | false
 `controller.hostPort.ports.http` | If `controller.hostPort.enabled` is `true` and this is non-empty, it sets the hostPort | `"80"`
 `controller.hostPort.ports.https` | If `controller.hostPort.enabled` is `true` and this is non-empty, it sets the hostPort | `"443"`
@@ -376,4 +377,4 @@ Error: UPGRADE FAILED: Service "?????-controller" is invalid: spec.clusterIP: In
 
 Detail of how and why are in [this issue](https://github.com/helm/charts/pull/13646) but to resolve this you can set `xxxx.service.omitClusterIP` to `true` where `xxxx` is the service referenced in the error.
 
-As of version `1.26.0` of this chart, by simply not providing any clusterIP value, `invalid: spec.clusterIP: Invalid value: "": field is immutable` will no longer occur since `clusterIP: ""` will not be rendered.
+As of version `1.26.0` of this chart, by simply not providing any clusterIP value, `invalid: spec.clusterIP: Invalid value: "": field is immutable` will no longer occur since `clusterIP: ""` will not be rendered.
\ No newline at end of file
diff --git a/charts/ingress-nginx/templates/controller-hpa.yaml b/charts/ingress-nginx/templates/controller-hpa.yaml
index dbcf008ebe..4923cf8d2a 100644
--- a/charts/ingress-nginx/templates/controller-hpa.yaml
+++ b/charts/ingress-nginx/templates/controller-hpa.yaml
@@ -1,5 +1,5 @@
 {{- if and .Values.controller.autoscaling.enabled (or (eq .Values.controller.kind "Deployment") (eq .Values.controller.kind "Both")) -}}
-apiVersion: autoscaling/v2beta1
+apiVersion: autoscaling/v2beta2
 kind: HorizontalPodAutoscaler
 metadata:
   labels:
@@ -15,15 +15,22 @@ spec:
   maxReplicas: {{ .Values.controller.autoscaling.maxReplicas }}
   metrics:
   {{- with .Values.controller.autoscaling.targetCPUUtilizationPercentage }}
-    - type: Resource
-      resource:
-        name: cpu
-        targetAverageUtilization: {{ . }}
+  - type: Resource
+    resource:
+      name: cpu
+      target:
+        type: Utilization
+        averageUtilization: {{ . }}
   {{- end }}
   {{- with .Values.controller.autoscaling.targetMemoryUtilizationPercentage }}
-    - type: Resource
-      resource:
-        name: memory
-        targetAverageUtilization: {{ . }}
+  - type: Resource 
+    resource: 
+      name: memory 
+      target:
+        type: Utilization
+        averageUtilization: {{ . }}
+  {{- end }}
+  {{- with .Values.controller.autoscalingTemplate }}
+{{- toYaml . | nindent 2 }}
   {{- end }}
 {{- end }}
diff --git a/charts/ingress-nginx/values.yaml b/charts/ingress-nginx/values.yaml
index fdf0bdd7ad..7665656272 100644
--- a/charts/ingress-nginx/values.yaml
+++ b/charts/ingress-nginx/values.yaml
@@ -243,6 +243,17 @@ controller:
     targetCPUUtilizationPercentage: 50
     targetMemoryUtilizationPercentage: 50
 
+  autoscalingTemplate: []
+  # Custom or additional autoscaling metrics
+  # ref: https://kubernetes.io/docs/tasks/run-application/horizontal-pod-autoscale/#support-for-custom-metrics
+  # - type: Pods
+  #   pods:
+  #     metric:
+  #       name: nginx_ingress_controller_nginx_process_requests_total
+  #     target:
+  #       type: AverageValue
+  #       averageValue: 10000m
+
   ## Enable mimalloc as a drop-in replacement for malloc.
   ## ref: https://github.com/microsoft/mimalloc
   ##