diff --git a/mypy/plugins/attrs.py b/mypy/plugins/attrs.py
index c71d898e1c62a..6a506dec90ea1 100644
--- a/mypy/plugins/attrs.py
+++ b/mypy/plugins/attrs.py
@@ -8,6 +8,7 @@
 import mypy.plugin  # To avoid circular imports.
 from mypy.checker import TypeChecker
 from mypy.errorcodes import LITERAL_REQ
+from mypy.expandtype import expand_type
 from mypy.exprtotype import TypeTranslationError, expr_to_unanalyzed_type
 from mypy.messages import format_type_bare
 from mypy.nodes import (
@@ -49,7 +50,7 @@
     deserialize_and_fixup_type,
 )
 from mypy.server.trigger import make_wildcard_trigger
-from mypy.typeops import make_simplified_union, map_type_from_supertype
+from mypy.typeops import get_type_vars, make_simplified_union, map_type_from_supertype
 from mypy.types import (
     AnyType,
     CallableType,
@@ -61,6 +62,7 @@
     TupleType,
     Type,
     TypeOfAny,
+    TypeVarId,
     TypeVarType,
     UnionType,
     get_proper_type,
@@ -85,8 +87,9 @@
 class Converter:
     """Holds information about a `converter=` argument"""
 
-    def __init__(self, init_type: Type | None = None) -> None:
+    def __init__(self, init_type: Type | None = None, ret_type: Type | None = None) -> None:
         self.init_type = init_type
+        self.ret_type = ret_type
 
 
 class Attribute:
@@ -115,11 +118,20 @@ def __init__(
     def argument(self, ctx: mypy.plugin.ClassDefContext) -> Argument:
         """Return this attribute as an argument to __init__."""
         assert self.init
-
         init_type: Type | None = None
         if self.converter:
             if self.converter.init_type:
                 init_type = self.converter.init_type
+                if init_type and self.converter.ret_type:
+                    # The converter return type should be the same type as the attribute type.
+                    # Copy type vars from attr type to converter.
+                    converter_vars = get_type_vars(self.converter.ret_type)
+                    init_vars = get_type_vars(self.init_type)
+                    if converter_vars and len(converter_vars) == len(init_vars):
+                        variables = {
+                            binder.id: arg for binder, arg in zip(converter_vars, init_vars)
+                        }
+                        init_type = expand_type(init_type, variables)
             else:
                 ctx.api.fail("Cannot determine __init__ type from converter", self.context)
                 init_type = AnyType(TypeOfAny.from_error)
@@ -671,6 +683,8 @@ def _parse_converter(
     converter_type = get_proper_type(converter_type)
     if isinstance(converter_type, CallableType) and converter_type.arg_types:
         converter_info.init_type = converter_type.arg_types[0]
+        if not is_attr_converters_optional:
+            converter_info.ret_type = converter_type.ret_type
     elif isinstance(converter_type, Overloaded):
         types: list[Type] = []
         for item in converter_type.items:
diff --git a/test-data/unit/check-attr.test b/test-data/unit/check-attr.test
index 83a441aca2330..3784630d73d1d 100644
--- a/test-data/unit/check-attr.test
+++ b/test-data/unit/check-attr.test
@@ -469,6 +469,48 @@ A([1], '2')  # E: Cannot infer type argument 1 of "A"
 
 [builtins fixtures/list.pyi]
 
+[case testAttrsGenericWithConverter]
+from typing import TypeVar, Generic, List, Iterable, Iterator
+import attr
+T = TypeVar('T')
+
+def int_gen() -> Iterator[int]:
+    yield 1
+
+def list_converter(x: Iterable[T]) -> List[T]:
+    return list(x)
+
+@attr.s(auto_attribs=True)
+class A(Generic[T]):
+    x: List[T] = attr.ib(converter=list_converter)
+    y: T = attr.ib()
+    def foo(self) -> List[T]:
+        return [self.y]
+    def bar(self) -> T:
+        return self.x[0]
+    def problem(self) -> T:
+        return self.x  # E: Incompatible return value type (got "List[T]", expected "T")
+reveal_type(A) # N: Revealed type is "def [T] (x: typing.Iterable[T`1], y: T`1) -> __main__.A[T`1]"
+a1 = A([1], 2)
+reveal_type(a1)  # N: Revealed type is "__main__.A[builtins.int]"
+reveal_type(a1.x)  # N: Revealed type is "builtins.list[builtins.int]"
+reveal_type(a1.y)  # N: Revealed type is "builtins.int"
+
+a2 = A(int_gen(), 2)
+reveal_type(a2)  # N: Revealed type is "__main__.A[builtins.int]"
+reveal_type(a2.x)  # N: Revealed type is "builtins.list[builtins.int]"
+reveal_type(a2.y)  # N: Revealed type is "builtins.int"
+
+# Leaving this as a sanity check
+class B(Generic[T]):
+    def __init__(self, x: Iterable[T], y: T) -> None:
+        pass
+
+B(['str'], 7)
+B([1], '2')
+
+[builtins fixtures/list.pyi]
+
 
 [case testAttrsUntypedGenericInheritance]
 from typing import Generic, TypeVar