Specification of a vehicle - Power and Torque

Appreciate if you can explain the significance of maximum power and maximum torque in the specification of a vehicle. How to understand the below specification of a car?
Maximum Power - 110 bhp @ 3750 rpm.
Maximum Torque - 300 Nm @ 1750 rpm.
Thanks and Best Regards.

Hello CnB experts, eagerly waiting for your help.

Is my query irrelevant, CnB experts?