| Type: | GP |
| Grand Prix: | Masaryk |
| Date: | 4 September |
| Year: | 1932 |
| Official Name: | III Masarykův Okruh |
| Country: | CSK |
| Location: | Masaryk Circuit, Brno |
| Course Mi: | 18.107 |
| Course Km: | 29.140 |
| Distance Laps: | 17 |
| Distance Mi: | 307.8 |
| Distance Km: | 495.4 |
| Pole Driver: | Louis Chiron |
| Pole Team: | Bugatti |
| Pole Country: | Monaco |
| Grid From Ballot: | True |
| Fast Driver: | Louis Chiron |
| Fast Team: | Bugatti |
| Fast Time: | 15:21 |
| Fast Country: | Monaco |
| First Driver: | Louis Chiron |
| First Team: | Bugatti |
| First Country: | Monaco |
| Second Driver: | Luigi Fagioli |
| Second Team: | Maserati |
| Second Country: | Italy |
| Second Flag Suffix: | 1861 |
| Third Driver: | Tazio Nuvolari |
| Third Team: | Alfa Romeo |
| Third Country: | Italy |
| Third Flag Suffix: | 1861 |
The III Velká Cena Masarykova (1932 Masaryk Grand Prix, III Masarykův okruh) was a 750 kg Formula race held on 4 September 1932 at the Masaryk Circuit.[1]
| Pos. | No | Driver | Team | Car | Laps | Time/Retired | Grid | Points |
|---|---|---|---|---|---|---|---|---|
| 1 | 2 | Louis Chiron | Automobiles Ettore Bugatti | Bugatti T51 | 17 | 4:37:29.7 | 1 | |
| 2 | 28 |  Luigi Fagioli | Officine Alfieri Maserati | Maserati 8C 3000 | 17 | +5:00.8 | 10 | |
| 3 | 4 | Tazio Nuvolari | Scuderia Ferrari | Alfa Romeo Monza | 17 | +28:50.4 | 2 | |
| 4 | 8 | Antonio Brivio | Scuderia Ferrari | Alfa Romeo Monza | 17 | +30:34.0 | 4 | |
| NC | 18 | Josef Štasný | J. Štasný | Bugatti T35B | 17 | Exceeded max. time | 7 | |
| DNF | 6 | Mario Umberto Borzacchini | Scuderia Ferrari | Alfa Romeo Monza | 9 | Differential | 3 | |
| DNF | 14 |  Guy Bouriat | Automobiles Ettore Bugatti | Bugatti T51 | 6 | Ignition | 6 | |
| DNF | 12 | Marcel Lehoux | M. Lehoux | Bugatti T51 | 6 | Ignition | 5 | |
| DNF | 22 | Jan Kubiček | J. Kubiček | Bugatti T35B | 3 | Defective wheel | 8 | |
| DNF | 24 | Achille Varzi | Automobiles Ettore Bugatti | Bugatti T51 | 2 | Eye injury | 9 | |
| DNS | 10 | Eugenio Siena | Scuderia Ferrari | Alfa Romeo Monza | Crash in practice | |||
| DNA | 16 | Manfred von Brauchitsch | M. v. Brauchitsch | Mercedes-Benz SSKL | Did not appear | |||
| DNA | 20 | Rudolf Caracciola | Alfa Romeo | Did not appear | ||||
| DNA | 26 | Zdeněk Pohl | Z. Pohl | Bugatti T35B | Did not appear | |||
| DNA | 32 | Mirko Wagner | M. Wagner | Mercedes-Benz SSK | Did not appear | |||