Instance template creation from Compute Engine VM

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I have created a VM Instance based on the requirements and I have installed some applications on it.
Is it possible to create an Instance Template out of this VM?

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Hello @sharontmathew ,Welcome on Google Cloud Community.

Nope. There is no option to do it. However, you can do it following steps:

  1. Stop your VM
  2. Create custom image, where as source you will provide your VM.

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  1. Then create VM template, and as boot disk, you choose CUSTOM IMAGES → Your newly created image

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  1. Create MIGs based on your VM.

–
cheers,
DamianS
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