The 1992 Italian Grand Prix (formally the Pioneer 63º Gran Premio d'Italia[1]) was a Formula One motor race held at Monza on 13 September 1992.

The 53-lap race was won by Brazilian driver Ayrton Senna, driving a McLaren-Honda, after he started from second position.

The Brabham team had not returned after missing the last race, and Andrea Moda had been excluded from Formula One by FISA for "conduct prejudicial to the sport" after a succession of chaotic events throughout the season so far.

Angered and hurt by this, Mansell decided to announce his retirement despite being told minutes before the press conference that he would be able to partner Prost.

The top ten was completed by Thierry Boutsen in the Ligier, Martin Brundle in the other Benetton and Bertrand Gachot tenth in Larrousse's best qualifying performance of the season.

The opening laps saw both Berger and Schumacher recovering many positions from the back of the field and overtaking a number of slower cars.

As the lead trio lapped the slower cars of Berger and Comas, Mansell continued to stay very close to Patrese and Senna tried his best not to lose contact with the two Williams cars; in fact he closed up on Mansell momentarily when the Williams had to take evasive action passing Comas at the Roggia.

On lap 41 Mansell slowed through the Ascari bends and coasted into the pits with gearbox failure from loss of hydraulic pressure and had to retire.

Patrese led comfortably until six laps from the end he suffered a hydraulic problem, forcing him to slow down and concede the lead to Ayrton Senna.