diff --git a/dev/lib/product_taxonomy.rb b/dev/lib/product_taxonomy.rb
index abb50a12..0a34fae6 100644
--- a/dev/lib/product_taxonomy.rb
+++ b/dev/lib/product_taxonomy.rb
@@ -34,3 +34,4 @@ def data_path = DATA_PATH
 require_relative "product_taxonomy/commands/generate_dist_command"
 require_relative "product_taxonomy/commands/find_unmapped_external_categories_command"
 require_relative "product_taxonomy/commands/generate_docs_command"
+require_relative "product_taxonomy/commands/generate_release_command"
diff --git a/dev/lib/product_taxonomy/cli.rb b/dev/lib/product_taxonomy/cli.rb
index 221c0156..e112e3d4 100644
--- a/dev/lib/product_taxonomy/cli.rb
+++ b/dev/lib/product_taxonomy/cli.rb
@@ -32,5 +32,12 @@ def unmapped_external_categories(name_and_version)
     def docs
       GenerateDocsCommand.new(options).run
     end
+
+    desc "release", "Generate a release"
+    option :version, type: :string, desc: "The version of the release to generate"
+    option :locales, type: :array, default: ["en"], desc: "The locales to generate"
+    def release
+      GenerateReleaseCommand.new(options).run
+    end
   end
 end
diff --git a/dev/lib/product_taxonomy/commands/command.rb b/dev/lib/product_taxonomy/commands/command.rb
index 74139b3c..bc31ebc0 100644
--- a/dev/lib/product_taxonomy/commands/command.rb
+++ b/dev/lib/product_taxonomy/commands/command.rb
@@ -20,6 +20,9 @@ def run(...)
         execute(...)
       end
       logger.info("Completed in #{elapsed.round(2)} seconds")
+    rescue => e
+      logger.error("\e[1;31mError:\e[0m #{e.message}")
+      exit(1)
     end
 
     def execute(...)
@@ -27,6 +30,8 @@ def execute(...)
     end
 
     def load_taxonomy
+      return if ProductTaxonomy::Category.all.any?
+
       ProductTaxonomy::Value.load_from_source(YAML.load_file(File.expand_path(
         "values.yml",
         ProductTaxonomy.data_path,
@@ -54,5 +59,14 @@ def validate_and_sanitize_version!(version)
 
       sanitized_version
     end
+
+    def version_file_path
+      File.expand_path("../VERSION", ProductTaxonomy.data_path)
+    end
+
+    def locales_defined_in_data_path
+      glob = Dir.glob(File.expand_path("localizations/categories/*.yml", ProductTaxonomy.data_path))
+      glob.map { File.basename(_1, ".yml") }
+    end
   end
 end
diff --git a/dev/lib/product_taxonomy/commands/generate_dist_command.rb b/dev/lib/product_taxonomy/commands/generate_dist_command.rb
index 69fd5ae3..f861d5b4 100644
--- a/dev/lib/product_taxonomy/commands/generate_dist_command.rb
+++ b/dev/lib/product_taxonomy/commands/generate_dist_command.rb
@@ -7,7 +7,7 @@ class GenerateDistCommand < Command
     def initialize(options)
       super
 
-      @version = options[:version] || File.read(File.expand_path("../../../../VERSION", __dir__)).strip
+      @version = options[:version] || File.read(version_file_path).strip
       @locales = if options[:locales] == ["all"]
         glob = Dir.glob(File.expand_path("localizations/categories/*.yml", ProductTaxonomy.data_path))
         glob.map { File.basename(_1, ".yml") }
diff --git a/dev/lib/product_taxonomy/commands/generate_release_command.rb b/dev/lib/product_taxonomy/commands/generate_release_command.rb
new file mode 100644
index 00000000..7f9c4d45
--- /dev/null
+++ b/dev/lib/product_taxonomy/commands/generate_release_command.rb
@@ -0,0 +1,47 @@
+# frozen_string_literal: true
+
+module ProductTaxonomy
+  class GenerateReleaseCommand < Command
+    def initialize(options)
+      super
+
+      @version = options[:version] || File.read(version_file_path).strip
+      @locales = if options[:locales] == ["all"]
+        locales_defined_in_data_path
+      else
+        options[:locales]
+      end
+    end
+
+    def execute
+      logger.info("Generating release for version: #{@version}")
+
+      logger.info("Generating distribution files...")
+      GenerateDistCommand.new(version: @version, locales: @locales).execute
+
+      logger.info("Generating documentation files...")
+      GenerateDocsCommand.new(version: @version, locales: @locales).execute
+
+      logger.info("Updating VERSION file...")
+      File.write(version_file_path, @version)
+
+      logger.info("Creating git tag...")
+      system("git", "tag", "v#{@version}")
+
+      logger.info("Updating README.md...")
+      update_readme
+    end
+
+    private
+
+    def update_readme
+      readme_path = File.expand_path("../dist/README.md", ProductTaxonomy.data_path)
+      content = File.read(readme_path)
+      content.gsub!(%r{badge/Version-.*?-blue\.svg}) do
+        badge_version = @version.gsub("-", "--")
+        "badge/Version-#{badge_version}-blue.svg"
+      end
+      File.write(readme_path, content)
+    end
+  end
+end
diff --git a/dev/test/commands/generate_release_command_test.rb b/dev/test/commands/generate_release_command_test.rb
new file mode 100644
index 00000000..8b672d5b
--- /dev/null
+++ b/dev/test/commands/generate_release_command_test.rb
@@ -0,0 +1,77 @@
+# frozen_string_literal: true
+
+require "test_helper"
+require "tmpdir"
+
+module ProductTaxonomy
+  class GenerateReleaseCommandTest < TestCase
+    setup do
+      @tmp_base_path = Dir.mktmpdir
+      @version = "2024-01"
+      @version_file_path = File.expand_path("VERSION", @tmp_base_path)
+
+      # Create test files and directories
+      FileUtils.mkdir_p(File.expand_path("dist", @tmp_base_path))
+      File.write(@version_file_path, "2023-12")
+      File.write(
+        File.expand_path("dist/README.md", @tmp_base_path),
+        '<img src="https://img.shields.io/badge/Version-2023--12-blue.svg" alt="Version">',
+      )
+
+      # Stub dependencies
+      Command.any_instance.stubs(:version_file_path).returns(@version_file_path)
+      Command.any_instance.stubs(:load_taxonomy)
+      GenerateDistCommand.any_instance.stubs(:execute)
+      GenerateDocsCommand.any_instance.stubs(:execute)
+      ProductTaxonomy.stubs(:data_path).returns("#{@tmp_base_path}/data")
+    end
+
+    teardown do
+      FileUtils.remove_entry(@tmp_base_path)
+    end
+
+    test "initialize sets version from options if provided" do
+      command = GenerateReleaseCommand.new(version: @version)
+      assert_equal @version, command.instance_variable_get(:@version)
+    end
+
+    test "initialize reads version from file if not provided in options" do
+      command = GenerateReleaseCommand.new({})
+      assert_equal "2023-12", command.instance_variable_get(:@version)
+    end
+
+    test "initialize sets all locales when 'all' is specified" do
+      Command.any_instance.stubs(:locales_defined_in_data_path).returns(["en", "fr", "es"])
+      command = GenerateReleaseCommand.new(locales: ["all"])
+      assert_equal ["en", "fr", "es"], command.instance_variable_get(:@locales)
+    end
+
+    test "initialize sets specific locales when provided" do
+      command = GenerateReleaseCommand.new(locales: ["en", "fr"])
+      assert_equal ["en", "fr"], command.instance_variable_get(:@locales)
+    end
+
+    test "execute performs all required steps in order" do
+      command = GenerateReleaseCommand.new(version: @version, locales: ["en"])
+
+      # Set up expectations
+      GenerateDistCommand.any_instance.expects(:execute)
+      GenerateDocsCommand.any_instance.expects(:execute)
+      command.expects(:system).with("git", "tag", "v#{@version}")
+
+      command.execute
+
+      # Verify VERSION file was updated
+      assert_equal @version, File.read(@version_file_path)
+    end
+
+    test "execute updates README.md version badge" do
+      command = GenerateReleaseCommand.new(version: @version)
+
+      command.execute
+
+      readme_content = File.read(File.expand_path("dist/README.md", @tmp_base_path))
+      assert_equal '<img src="https://img.shields.io/badge/Version-2024--01-blue.svg" alt="Version">', readme_content
+    end
+  end
+end