Renault realised that in the USA, they were losing a lot of business to the Volkswagen Beetle with their Dauphine model. So at a distributor convention, the American dealers suggested the management of Renault to come up with an alternative that can use parts of the existing model Dauphine. 

The model that was developed post the dealers suggestion was the Floride, but because public sentiments in the State of Florida would be hurt (because of similarity in name), Renault decided to use the name Caravelle for the American market. But outside of USA, it was sold as the Renault Floride.

This metal scale model is a rendition of the original DINKY TOYS, a brand first sold in 1934. The manufacturer has tried to recreate the old-world magic by retaining the same features on each metal model as well as its box.

Dinky Toys were sold in India until 1955 when they were imported. Then in 1963 Meccano (owners of the brand) sold their factory to a firm in Calcutta called S. Kumar & Co. who started producing them locally. But because the finishing of these products were so poor they were sold as NICKY products.