diff --git a/bindings/python/google_benchmark/__init__.py b/bindings/python/google_benchmark/__init__.py
index 7bdd051c..e14769f4 100644
--- a/bindings/python/google_benchmark/__init__.py
+++ b/bindings/python/google_benchmark/__init__.py
@@ -32,44 +32,23 @@ from absl import app
 
 from google_benchmark import _benchmark
 from google_benchmark._benchmark import (
-    Counter,
-    State,
-    kMicrosecond,
-    kMillisecond,
-    kNanosecond,
-    kSecond,
-    o1,
-    oAuto,
-    oLambda,
-    oLogN,
-    oN,
-    oNCubed,
-    oNLogN,
-    oNone,
-    oNSquared,
+    Counter as Counter,
+    State as State,
+    kMicrosecond as kMicrosecond,
+    kMillisecond as kMillisecond,
+    kNanosecond as kNanosecond,
+    kSecond as kSecond,
+    o1 as o1,
+    oAuto as oAuto,
+    oLambda as oLambda,
+    oLogN as oLogN,
+    oN as oN,
+    oNCubed as oNCubed,
+    oNLogN as oNLogN,
+    oNone as oNone,
+    oNSquared as oNSquared,
 )
-
-__all__ = [
-    "register",
-    "main",
-    "Counter",
-    "kNanosecond",
-    "kMicrosecond",
-    "kMillisecond",
-    "kSecond",
-    "oNone",
-    "o1",
-    "oN",
-    "oNSquared",
-    "oNCubed",
-    "oLogN",
-    "oNLogN",
-    "oAuto",
-    "oLambda",
-    "State",
-]
-
-__version__ = "1.8.3"
+from google_benchmark.version import __version__ as __version__
 
 
 class __OptionMaker:
diff --git a/bindings/python/google_benchmark/version.py b/bindings/python/google_benchmark/version.py
new file mode 100644
index 00000000..a324693e
--- /dev/null
+++ b/bindings/python/google_benchmark/version.py
@@ -0,0 +1,7 @@
+from importlib.metadata import PackageNotFoundError, version
+
+try:
+    __version__ = version("google-benchmark")
+except PackageNotFoundError:
+    # package is not installed
+    pass
diff --git a/docs/python_bindings.md b/docs/python_bindings.md
index 6a7aab0a..d9c5d2d3 100644
--- a/docs/python_bindings.md
+++ b/docs/python_bindings.md
@@ -3,7 +3,7 @@
 Python bindings are available as wheels on [PyPI](https://pypi.org/project/google-benchmark/) for importing and 
 using Google Benchmark directly in Python. 
 Currently, pre-built wheels exist for macOS (both ARM64 and Intel x86), Linux x86-64 and 64-bit Windows.
-Supported Python versions are Python 3.7 - 3.10.
+Supported Python versions are Python 3.8 - 3.12.
 
 To install Google Benchmark's Python bindings, run:
 
@@ -25,9 +25,9 @@ python3 -m venv venv --system-site-packages
 source venv/bin/activate  # .\venv\Scripts\Activate.ps1 on Windows
 
 # upgrade Python's system-wide packages
-python -m pip install --upgrade pip setuptools wheel
-# builds the wheel and stores it in the directory "wheelhouse".
-python -m pip wheel . -w wheelhouse
+python -m pip install --upgrade pip build
+# builds the wheel and stores it in the directory "dist".
+python -m build
 ```
 
 NB: Building wheels from source requires Bazel. For platform-specific instructions on how to install Bazel,
diff --git a/docs/releasing.md b/docs/releasing.md
index cdf41599..09bf9376 100644
--- a/docs/releasing.md
+++ b/docs/releasing.md
@@ -8,9 +8,8 @@
     * `git log $(git describe --abbrev=0 --tags)..HEAD` gives you the list of
       commits between the last annotated tag and HEAD
     * Pick the most interesting.
-* Create one last commit that updates the version saved in `CMakeLists.txt`, `MODULE.bazel`
-  and the `__version__` variable in `bindings/python/google_benchmark/__init__.py`to the
-  release version you're creating. (This version will be used if benchmark is installed
+* Create one last commit that updates the version saved in `CMakeLists.txt` and `MODULE.bazel`
+  to the release version you're creating. (This version will be used if benchmark is installed
   from the archive you'll be creating in the next step.)
 
 ```
@@ -21,16 +20,6 @@ project (benchmark VERSION 1.8.0 LANGUAGES CXX)
 module(name = "com_github_google_benchmark", version="1.8.0")
 ```
 
-```python
-# bindings/python/google_benchmark/__init__.py
-
-# ...
-
-__version__ = "1.8.0"  # <-- change this to the release version you are creating
-
-# ...
-```
-
 * Create a release through github's interface
     * Note this will create a lightweight tag.
     * Update this to an annotated tag:
@@ -38,4 +27,5 @@ __version__ = "1.8.0"  # <-- change this to the release version you are creating
       * `git tag -a -f <tag> <tag>`
       * `git push --force --tags origin`
 * Confirm that the "Build and upload Python wheels" action runs to completion
-    * run it manually if it hasn't run
+    * Run it manually if it hasn't run.
+    * IMPORTANT: When re-running manually, make sure to select the newly created `<tag>` as the workflow version in the "Run workflow" tab on the GitHub Actions page. 
diff --git a/pyproject.toml b/pyproject.toml
index 861dfcb3..442cef36 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,5 +1,5 @@
 [build-system]
-requires = ["setuptools", "wheel"]
+requires = ["setuptools>=64", "setuptools-scm[toml]>=8"]
 build-backend = "setuptools.build_meta"
 
 [project]
@@ -52,9 +52,10 @@ zip-safe = false
 where = ["bindings/python"]
 
 [tool.setuptools.dynamic]
-version = { attr = "google_benchmark.__version__" }
 readme = { file = "README.md", content-type = "text/markdown" }
 
+[tool.setuptools_scm]
+
 [tool.black]
 # Source https://github.com/psf/black#configuration-format
 include = "\\.pyi?$"
@@ -85,3 +86,6 @@ ignore = [
     # line too long, rely on black for formatting.
     "E501",
 ]
+
+[tool.ruff.isort]
+combine-as-imports = true