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Maharaja Club: Can Premium Economy (PE) vouchers be used for Economy class if the flight does not have a PE cabin?

pleasegiveltf

TF Select
I was recently going through the Maharaja Club benefits - I have an Axis Vistara card so all my points got transferred over to Maharaja Club. I currently don't have any vouchers but I'm expecting them as I'll be hitting almost all milestones.

I had a reservation: I see that the sector I frequent the most (DEL to MAA) has just one flight with a Premium Economy cabin, and that's also at an odd hour. So, are PE vouchers essentially useless if I can't find a flight with a Premium Economy cabin? Or can I "downgrade" and travel by Economy using the Premium Economy voucher?

I found a thread that says this is possible for Vistara - so I'm wondering if we can do this for Air India as well. Otherwise, I might as well put my spends on other cards.
 
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