This version of Design Studio does not support this update. Last one je v3.0.2.
I would recommend to install one of newer version of
Either
S32 Design Studio 3.4 containing SDK RTM v4.0.1
or
S32 Design Studio for ARM 2.2 containing SDK RTM V3.0.3
I would recommend to see following community page where you may see summaries of DS versions and its updates:
https://community.nxp.com/t5/S32-Design-Studio/bd-p/s32ds