The second of three 1949 Buenos Aires Grand Prix (official name: III Gran Premio de Eva Duarte Perón), was a Grand Prix motor race held at the Palermo street circuit in Buenos Aires on February 6, 1949. The race was shortened from 35 laps due to rain.

Classification Pos Driver Constructor Laps Time/Retired 1 Óscar Alfredo Gálvez Alfa Romeo 308 30 1:31:04 2 Juan Manuel Fangio Maserati 4CLT 28 N/A 3 Eitel Cantoni Maserati 4CL 27 N/A 4 Adriano Malusardi Maserati 4CLT 27 N/A 5 P. Bira Maserati 4CLT 27 N/A 6 Alberto Ascari Maserati 4CLT 25 Engine Ret Luigi Villoresi Maserati 4CLT 11 Carburetor Ret Nino Farina Ferrari 125C F1 Crash Ret Reg Parnell Maserati 4CLT 10 Radiator Ret Benedicto Campos Maserati 4CLT Oil Pipe

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