Production was initiated by Ishikawajima Motorcar Manufacturing Company. Production was plagued by technical problems and in total only 167 units were built between 1932 and 1939. After some initial problems with the running gear, the Type 92 proved well suited for the rough terrain and poor roads of Manchuria and China, and was able to attain a speed of . Some vehicles were equipped with two searchlights for night operations and Type 94 Mk 4 "Otsu" radios (this 1934 model had a range of 0.6 mile and weighed 88 lb; it used a long antenna of "reverse L" shape). The Type 92 did have ongoing suspension problems and it was redesigned. The earlier series version had six road wheels and three return rollers. The later production version had a new suspension with four road wheels and two return rollers. The later production version has sometime been mistakenly referred to as a "Type 93 light tank".