The Daewoo Tico was based largely on the 1988 Suzuki Alto kei car.

[1] The car was equipped with a three-cylinder 796 cc S-TEC engine - a South Korean-made version of the Suzuki F8B engine - and came with either a five-speed manual transmission or three-speed automatic transmission (only in South Korea).

Daewoo expanded to Western Europe at the beginning of 1995, but the Tico was never sold in those markets.

Originally equipped with a carburetor and producing 48 hp (35 kW),[2] it was later upgraded to fuel injection, thus passing the Euro 2 pollution standard, whilst also giving an increase in power output.

Some versions of the Tico in the Korean domestic market were powered by liquefied petroleum gas.