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An upgraded version of the cruiser tank Mk. III. The tank featured armor enhanced by the additional screens. The Cruiser Mk. IV fought in France in 1940 and in the early stages of the North African Campaign. This vehicle last saw action in the winter of 1941–1942. A total of 655 tanks were mass-produced.

Developed in October and November 1941 at the Construction Bureau of the Gorky Automobile Plant under the supervision of N. A. Astrov. The vehicle came into service in January 1942, and it was mass-produced until October 1943, with a total of 8231 vehicles manufactured. Some vehicles were used until the end of the war.