| Type: | EC |
| Grand Prix: | Italian |
| Date: | 5 June |
| Year: | 1932 |
| Official Name: | X Gran Premio d'Italia |
| Country: | Italy |
| Flag Suffix: | 1861 |
| Race No: | 1 |
| Season No: | 3 |
| Location: | Autodromo Nazionale di Monza Monza, Italy |
| Course Mi: | 6.21 |
| Course Km: | 10.00 |
| Distance Laps: | 83 |
| Distance Mi: | 520.456 |
| Distance Km: | 837.592 |
| Pole Driver: | Baconin Borzacchini |
| Pole Team: | Alfa Romeo |
| Pole Country: | Italy |
| Pole Flag Suffix: | 1861 |
| Grid From Ballot: | True |
| Fast Driver: | Luigi Fagioli[1] |
| Fast Team: | Maserati |
| Fast Time: | 3:19.4 |
| Fast Country: | Italy |
| Fast Flag Suffix: | 1861 |
| First Driver: | Tazio Nuvolari |
| First Team: | Alfa Romeo |
| First Country: | Italy |
| First Flag Suffix: | 1861 |
| Second Driver: | Luigi Fagioli |
| Second Team: | Maserati |
| Second Country: | Italy |
| Second Flag Suffix: | 1861 |
| Third Driver: | Baconin Borzacchini |
| Third Team: | Alfa Romeo |
| Third Country: | Italy |
| Third Flag Suffix: | 1861 |
| Third Driver2: | Attilio Marinoni |
| Third Country2: | Italy |
| Third Flag Suffix2: | 1861 |
| Third Driver3: | Rudolf Caracciola |
| Third Country3: | Germany |
| Third Flag Suffix3: | Weimar |
thumb|Grid of the 1932 Monza Grand Prix
The 1932 Italian Grand Prix was a Grand Prix motor race held at Monza on 5 June 1932.
| Pos | No | Driver | Team | Car | Laps | Time/Retired | Grid | Points | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 8 |  Tazio Nuvolari | Alfa Corse | Alfa Romeo Tipo B | 83 | 4 | 1 | ||
| 2 | 12 | Luigi Fagioli | Maserati | Maserati V5 | 82 | +1 Lap | 6 | 2 | |
| 3 | 2 | Baconin Borzacchini | Alfa Corse | Alfa Romeo Monza | 82 | +1 Lap | 1 | 3 | |
| Attilio Marinoni | n/a | ||||||||
 Rudolf Caracciola | n/a | ||||||||
| 4 | 14 | Giuseppe Campari | Alfa Corse | Alfa Romeo Tipo B P3 | 82 | +1 Lap | 7 | 4 | |
| 5 | 22 |  René Dreyfus | Bugatti | Bugatti T51 | 82 | +1 Lap | 11 | 4 | |
| 6 | 26 | Albert Divo | Bugatti | Bugatti T51 | 81 | +2 Laps | 13 | 4 | |
| Guy Bouriat | n/a | ||||||||
| 7 | 24 | Pietro Ghersi | Scuderia Ferrari | Alfa Romeo Monza | 79 | +3 Laps | 12 | 4 | |
| Antonio Brivio | n/a | ||||||||
| 8 | 40 | Amedeo Ruggeri | Maserati | Maserati 26M | 75 | +8 Laps | 16 | 4 | |
| 9 | 28 | Eugenio Siena | Private entry | Alfa Romeo Monza | 65 | +18 Laps | 14 | 4 | |
| Antonio Brivio | n/a | ||||||||
| 10 | 18 | Luigi Premoli | Private entry | Maserati 26M | 58 | +25 Laps | 9 | 5 | |
| 11 | 20 | Rudolf Caracciola | Alfa Corse | Alfa Romeo Monza | 57 | Magneto | 10 | 5 | |
| Ret | 10 |  Louis Chiron | Bugatti | Bugatti T54 | 39 | Overheating | 5 | 6 | |
| Achille Varzi | n/a | ||||||||
| Ret | 16 | Achille Varzi | Bugatti | Bugatti T54 | 26 | Transmission | 8 | 6 | |
| Ret | 4 | Marcel Lehoux | Bugatti | Bugatti T51 | 20 | Con-rod | 2 | 7 | |
| Ret | 6 | Luigi Castelbarco | Private entry | Maserati 26M | 19 | Accident | 3 | 7 | |
| DNS | 30 | Carlo Gazzabini | Private entry | Alfa Romeo Monza | 15 | 8 |
| 1st Row | 3 Pos. | 2 Pos. | 1 Pos. | |
|---|---|---|---|---|
Castelbarco Maserati | Lehoux Bugatti | Borzacchini Alfa Romeo | ||
| 2nd Row | 3 Pos. | 2 Pos. | 1 Pos. | |
Fagioli Maserati | Chiron Bugatti | Nuvolari Alfa Romeo | ||
| 3rd Row | 3 Pos. | 2 Pos. | 1 Pos. | |
Premoli Maserati | Varzi Bugatti | Campari Alfa Romeo | ||
| 4th Row | 3 Pos. | 2 Pos. | 1 Pos. | |
Ghersi Alfa Romeo | Dreyfus Bugatti | Caracciola Alfa Romeo | ||
| 5th Row | 3 Pos. | 2 Pos. | 1 Pos. | |
Gazzabini Alfa Romeo | Siena Alfa Romeo | Divo Bugatti | ||
| 6th Row | 3 Pos. | 2 Pos. | 1 Pos. | |
Ruggeri Maserati |