diff --git a/COMPONENT_INDEX.md b/COMPONENT_INDEX.md
index 3f07bbea..21aae8b5 100644
--- a/COMPONENT_INDEX.md
+++ b/COMPONENT_INDEX.md
@@ -3852,7 +3852,7 @@ None.
 | value       | <code>let</code> | Yes      | <code>string</code>                       | <code>""</code>                                     | Specify the input value                               |
 | size        | <code>let</code> | No       | <code>"sm" &#124; "xl"</code>             | --                                                  | Specify the size of the input                         |
 | type        | <code>let</code> | No       | <code>string</code>                       | <code>"text"</code>                                 | Specify the input type                                |
-| placeholder | <code>let</code> | No       | <code>string</code>                       | <code>"hh=mm"</code>                                | Specify the input placeholder text                    |
+| placeholder | <code>let</code> | No       | <code>string</code>                       | <code>"hh:mm"</code>                                | Specify the input placeholder text                    |
 | pattern     | <code>let</code> | No       | <code>string</code>                       | <code>"(1[012]&#124;[1-9]):[0-5][0-9](\\s)?"</code> | Specify the `pattern` attribute for the input element |
 | maxlength   | <code>let</code> | No       | <code>number</code>                       | <code>5</code>                                      | Specify the `maxlength` input attribute               |
 | light       | <code>let</code> | No       | <code>boolean</code>                      | <code>false</code>                                  | Set to `true` to enable the light variant             |
diff --git a/docs/src/COMPONENT_API.json b/docs/src/COMPONENT_API.json
index 9eebe16b..10c418b9 100644
--- a/docs/src/COMPONENT_API.json
+++ b/docs/src/COMPONENT_API.json
@@ -9562,7 +9562,7 @@
           "kind": "let",
           "description": "Specify the input placeholder text",
           "type": "string",
-          "value": "\"hh=mm\"",
+          "value": "\"hh:mm\"",
           "isFunction": false,
           "constant": false,
           "reactive": false
diff --git a/src/TimePicker/TimePicker.svelte b/src/TimePicker/TimePicker.svelte
index ebd891d0..4e7dfcc3 100644
--- a/src/TimePicker/TimePicker.svelte
+++ b/src/TimePicker/TimePicker.svelte
@@ -18,7 +18,7 @@
   export let type = "text";
 
   /** Specify the input placeholder text */
-  export let placeholder = "hh=mm";
+  export let placeholder = "hh:mm";
 
   /** Specify the `pattern` attribute for the input element */
   export let pattern = "(1[012]|[1-9]):[0-5][0-9](\\s)?";
diff --git a/types/TimePicker/TimePicker.d.ts b/types/TimePicker/TimePicker.d.ts
index 96363f0e..efe379a9 100644
--- a/types/TimePicker/TimePicker.d.ts
+++ b/types/TimePicker/TimePicker.d.ts
@@ -22,7 +22,7 @@ export interface TimePickerProps
 
   /**
    * Specify the input placeholder text
-   * @default "hh=mm"
+   * @default "hh:mm"
    */
   placeholder?: string;