Abstract: A cold rolled steel sheet and a hot dip galvanized steel sheet, which have high strength and elongation, such as a tensile strength of 980 MPa or more and an elongation of 28% or more, and excellent delayed fracture resistance, and manufacturing methods thereof. The cold rolled steel sheet has a composition including 0.05 to 0.3 weight percent C, 0.3 to 1.6 weight percent. Si, 4.0 to 7.0 weight percent Mn, 0.5 to 2.0 weight percent Al, 0.01 to 0.1 weight percent Cr, 0.02 to 0.1 weight percent Ni and 0.005 to 0.03 weight percent Ti, 5 to 30 ppm B, 0.01 to 0.03 weight percent Sb, 0.008 weight percent or less S, balance Fe and impurities. The hot dip galvanized steel sheet has a hot dip galvanized layer or a hot dip galvannealed layer on the cold rolled steel sheet.