I searched up the history of Holden and this is what I found. Below is quoted from a brochure and found it interesting!

It didn’t take long for the Holden to become “Australia’s most poplar Car as showed  by this press ad,  over 120000 48/215’s were sold before production switched to the even more successful FJ.   The heart of the matter.  The 48/215’s overhead valve straight -six had a capacity of 132.5cubic inches (2171cc) and produced a healthy –  for 1948  60hhp (45kW) at 3800rpm. compression ratio was 6.5 to 1.