Can I change my tyres from 175/86 R14 to 165/80 R14 on Ford Ikon car?

Can I change my tyres from 175/86 R14 to 165/80 R14 on Ford Ikon car?

It will affect the speedometer and road clearance.

The 175 tyre has a sidewall of 150mm tall… The other is 132mm… So the second tyre is not as wide nor as tall. The speedo will be a bit fast

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