The car was updated for the 1992 season and was dubbed the 020B. For this season the Honda V10 was replaced with the Ilmor LH10 V10 engine and was driven by Olivier Grouillard and veteran Andrea De Cesaris. The team only scored 8 points for the season but again finished in 6th place.
The 020 was pressed into service again for the first nine races of the 1993 season. Again updated it was called the 020C. For the third time in three years the car ran a V10 engine but this time it carried the Yamaha OX10A. It was driven again by De Cesaris who was joined by Japanese driver Ukyo Katayama. Neither driver would score a World Championship point driving the car.
The Tyrrell 020C was replaced by the 021 mid-way through the 1993 season.