diff --git a/.github/workflows/README.md b/.github/workflows/README.md
index b65816ea..342afbda 100644
--- a/.github/workflows/README.md
+++ b/.github/workflows/README.md
@@ -22,3 +22,7 @@ Second improvement was to wrap this `make go-generate` into a GitHub Actions wor
 * Automatically triggered via API
 
 In rancher/kontainer-driver-metadata, we added a `dispatch` step in `.drone.yml`, which will execute this GitHub Actions workflow after a PR is merged. The user that merged the PR will also be mentioned and assigned in the PR that will be created when this workflow has finished.
+
+## Update README (`update-readme.yml`)
+
+This workflow will update the README with latest versions retrieved from tags in the GitHub repository. It uses the file `README-template.md` as source, and will add the latest versions into this file to end up with the actual `README.md` file.
diff --git a/.github/workflows/update-readme.yml b/.github/workflows/update-readme.yml
new file mode 100644
index 00000000..b3ef8f27
--- /dev/null
+++ b/.github/workflows/update-readme.yml
@@ -0,0 +1,73 @@
+name: Update README
+on: workflow_dispatch
+
+permissions:
+  contents: write
+  pull-requests: write
+
+jobs:
+  update-readme:
+    runs-on: ubuntu-latest
+    steps:
+    - uses: actions/checkout@v2
+    - name: Update README file
+      run: |
+       tmpfile=$(mktemp)
+       latest13=$(curl -sL https://api.github.com/repos/rancher/rke/tags?per_page=1000 | jq -r 'first(.[] | select(.name | startswith("v1.3")) | select(.name | contains("rc") | not) | .name)')
+       latest12=$(curl -sL https://api.github.com/repos/rancher/rke/tags?per_page=1000 | jq -r 'first(.[] | select(.name | startswith("v1.2")) | select(.name | contains("rc") | not) | .name)')
+       echo "* v1.3" > $tmpfile
+       echo "  * ${latest13} - Read the full release [notes](https://github.com/rancher/rke/releases/tag/${latest13})." >> $tmpfile
+       echo "* v1.2" >> $tmpfile
+       echo "  * ${latest12} - Read the full release [notes](https://github.com/rancher/rke/releases/tag/${latest12})." >> $tmpfile
+       sed -e '/## Latest Release/r '"$tmpfile"'' -e 's/CURRENTYEAR/'"$(date +%Y)"'/g' README-template.md > README.md
+    - name: Check for repository changes
+      run: |
+        if git diff --name-only --exit-code; then
+          echo "No changes found in repository after updating README"
+          echo "changes_exist=false" >> $GITHUB_ENV
+        else
+          echo "Changes found in repository after updating README:"
+          git diff --name-only
+          echo "changes_exist=true" >> $GITHUB_ENV
+        fi
+    - name: Create branch, commit and push
+      if: ${{ env.changes_exist == 'true' }}
+      id: branch
+      run: |
+        BRANCH="githubaction-update-readme-$(date +%Y-%m-%d-%H-%M-%S)"
+        echo "::set-output name=branch::$BRANCH"
+        git config --global user.email "41898282+github-actions[bot]@users.noreply.github.com"
+        git config --global user.name "github-actions[bot]"
+        git checkout -b "$BRANCH"
+        git commit -a -m "update README with latest"
+        git push origin "$BRANCH"
+    - name: Create Pull Request
+      if: ${{ env.changes_exist == 'true' }}
+      id: cpr
+      env:
+        SOURCE_BRANCH: ${{ steps.branch.outputs.branch }}
+      uses: actions/github-script@v5.0.0
+      with:
+        github-token: ${{ secrets.GITHUB_TOKEN }}
+        script: |
+          let body = 'Auto-generated by GitHub Actions'
+
+          const { data: pr } = await github.rest.pulls.create({
+            title: `[${{ github.ref_name }}] update README with latest`,
+            body: body,
+            owner: context.repo.owner,
+            repo: context.repo.repo,
+            base: "${{ github.ref_name }}",
+            head: `${ process.env.SOURCE_BRANCH }`
+          });
+          await github.rest.issues.addLabels({
+            ...context.repo,
+            issue_number: pr.number,
+            labels: ["status/auto-created"],
+          });
+          console.log('Created new pull request');
+          return pr.html_url;
+    - name: Check outputs
+      if: ${{ env.changes_exist == 'true' }}
+      run: |
+        echo "Pull Request URL - ${{ steps.cpr.outputs.result }}"
diff --git a/README-template.md b/README-template.md
new file mode 100644
index 00000000..fb250f1c
--- /dev/null
+++ b/README-template.md
@@ -0,0 +1,69 @@
+# rke
+
+*This file is auto-generated from README-template.md, please make any changes there.*
+
+Rancher Kubernetes Engine, an extremely simple, lightning fast Kubernetes installer that works everywhere.
+
+## Latest Release
+
+## Download
+
+Please check the [releases](https://github.com/rancher/rke/releases/) page.
+
+## Requirements
+
+Please review the [OS requirements](https://rancher.com/docs/rke/latest/en/os/) for each node in your Kubernetes cluster.
+
+## Getting Started
+
+Please refer to our [RKE docs](https://rancher.com/docs/rke/latest/en/) for information on how to get started!
+For cluster config examples, refer to [RKE cluster.yml examples](https://rancher.com/docs/rke/latest/en/example-yamls/)
+
+## Installing Rancher HA using rke
+
+Please use [High Availability (HA) Install](https://rancher.com/docs/rancher/v2.x/en/installation/ha/) to install Rancher in a high-availability configuration.
+
+## Building
+
+RKE can be built using the `make` command, and will use the scripts in the `scripts` directory as subcommands. The default subcommand is `ci` and will use `scripts/ci`. Cross compiling can be enabled by setting the environment variable `CROSS=1`. The compiled binaries can be found in the `build/bin` directory. Dependencies are managed by Go modules and can be found in [go.mod](https://github.com/rancher/rke/blob/master/go.mod).
+
+RKE now fetches `data.json` from https://github.com/rancher/kontainer-driver-metadata. To fetch data.json and compile it in rke, run 
+
+```bash
+go generate
+
+# Change RANCHER_METADATA_URL to an external URL instead of using https://releases.rancher.com/kontainer-driver-metadata/dev-v2.6/data.json by default
+RANCHER_METADATA_URL=${URL} go generate
+
+# Or load it from local file
+RANCHER_METATDATA_URL=./local/data.json go generate
+
+# Compile RKE
+make
+```
+
+To specify RANCHER_METADATA_URL in runtime, populate the environment variable when running rke CLI. For example:
+
+```bash
+RANCHER_METADATA_URL=${URL} rke [commands] [options]
+
+RANCHER_METADATA_URL=${./local/data.json} rke [commands] [options]
+```
+    
+`RANCHER_METADATA_URL` defaults to `https://releases.rancher.com/kontainer-driver-metadata/dev-v2.6/data.json`.
+
+## License
+
+Copyright (c) CURRENTYEAR [Rancher Labs, Inc.](http://rancher.com)
+
+Licensed under the Apache License, Version 2.0 (the "License");
+you may not use this file except in compliance with the License.
+You may obtain a copy of the License at
+
+[http://www.apache.org/licenses/LICENSE-2.0](http://www.apache.org/licenses/LICENSE-2.0)
+
+Unless required by applicable law or agreed to in writing, software
+distributed under the License is distributed on an "AS IS" BASIS,
+WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+See the License for the specific language governing permissions and
+limitations under the License.