diff --git a/.github/workflows/pr-label.yml b/.github/workflows/pr-label.yml
index a3fc40d5c..2f127e5bd 100644
--- a/.github/workflows/pr-label.yml
+++ b/.github/workflows/pr-label.yml
@@ -26,7 +26,7 @@ jobs:
             -H "Accept: application/vnd.github.v3+json" \
             "https://api.github.com/repos/$GITHUB_REPOSITORY/issues/$PR_NUMBER" \
             | jq -r '.labels | map(.name) | join(" ")')
-          
+
           echo $EXISTING_LABELS
 
            # Remove existing labels
@@ -41,6 +41,3 @@ jobs:
         run: |
           export GITHUB_TOKEN=${{ secrets.GITHUB_TOKEN }}
           gh pr edit ${{ github.event.pull_request.number }} --add-label "closed"
-
-
-
diff --git a/.github/workflows/release-new-nightly-version.yml b/.github/workflows/release-new-nightly-version.yml
new file mode 100644
index 000000000..75a7cb760
--- /dev/null
+++ b/.github/workflows/release-new-nightly-version.yml
@@ -0,0 +1,30 @@
+name: Release a new nightly hyperswitch control center version
+
+on:
+  schedule:
+    - cron: "30 14 * * 0-4" # Run workflow at 8 PM IST every Sunday-Thursday
+
+  workflow_dispatch:
+
+concurrency:
+  group: ${{ github.workflow }}-${{ github.ref }}
+  cancel-in-progress: true
+
+# on:
+#   pull_request_target:
+#     types:
+#       - closed
+
+env:
+  # Allow more retries for network requests in cargo (downloading crates) and
+  # rustup (installing toolchains). This should help to reduce flaky CI failures
+  # from transient network timeouts or other issues.
+  CARGO_NET_RETRY: 10
+  RUSTUP_MAX_RETRIES: 10
+
+jobs:
+  create-nightly-tag:
+    name: Create a nightly tag
+    uses: juspay/hyperswitch/.github/workflows/release-nightly-version-reusable.yml@main
+    secrets:
+      token: ${{ secrets.AUTO_RELEASE_PAT }}
diff --git a/.github/workflows/release-new-version.yml b/.github/workflows/release-new-version.yml
index 9a16cc921..ade4f1982 100644
--- a/.github/workflows/release-new-version.yml
+++ b/.github/workflows/release-new-version.yml
@@ -23,8 +23,57 @@ env:
   RUSTUP_MAX_RETRIES: 10
 
 jobs:
-  create-nightly-tag:
-    name: Create a nightly tag
-    uses: juspay/hyperswitch/.github/workflows/release-nightly-version-reusable.yml@main
-    secrets:
-      token: ${{ secrets.AUTO_RELEASE_PAT }}
+  create-release:
+    name: Release a new version
+    runs-on: ubuntu-latest
+
+    steps:
+      - name: Checkout repository
+        uses: actions/checkout@v4
+        with:
+          fetch-depth: 0
+          token: ${{ secrets.AUTO_RELEASE_PAT }}
+
+      - name: Install Rust
+        uses: dtolnay/rust-toolchain@master
+        with:
+          toolchain: stable 2 weeks ago
+
+      - name: Install cocogitto
+        uses: baptiste0928/cargo-install@v2.2.0
+        with:
+          crate: cocogitto
+          version: 5.4.0
+
+      - name: Set Git Configuration
+        shell: bash
+        run: |
+          git config --local user.name 'github-actions'
+          git config --local user.email '41898282+github-actions[bot]@users.noreply.github.com'
+
+      - name: Obtain previous and new tag information
+        shell: bash
+        # Only consider tags on current branch when setting PREVIOUS_TAG
+        run: |
+          PREVIOUS_TAG="$(git tag --sort='version:refname' --merged | tail --lines 1)"
+          if [[ "$(cog bump --auto --dry-run)" == *"No conventional commits for your repository that required a bump"* ]]; then
+            NEW_TAG="$(cog bump --patch --dry-run)"
+          else
+            NEW_TAG="$(cog bump --auto --dry-run)"
+          fi
+          echo "NEW_TAG=${NEW_TAG}" >> $GITHUB_ENV
+          echo "PREVIOUS_TAG=${PREVIOUS_TAG}" >> $GITHUB_ENV
+
+      - name: Update changelog and create tag
+        shell: bash
+        if: ${{ env.NEW_TAG != env.PREVIOUS_TAG }}
+        # Remove prefix 'v' from 'NEW_TAG' as cog bump --version expects only the version number
+        run: |
+          cog bump --version ${NEW_TAG#v}
+
+      - name: Push created commit and tag
+        shell: bash
+        if: ${{ env.NEW_TAG != env.PREVIOUS_TAG }}
+        run: |
+          git push
+          git push --tags