To put simply, when the voltage is reduced, so is the torque, in fact the peak torque is reduced by the SQUARE of the voltage reduction. So in Wye, the voltage seen by the motor coils is 58% of normal, so the peak torque is reduced to .58 x .58 or 33% of normal rated peak torque. Assuming that is still enough to accelerate the motor (otherwise Wye-Delta couldn’t be used), the problem becomes both the loss of that peak torque, which the motor uses to re-accelerate without stalling if there is a load change, but also that the full speed running torque is also reduced to 58% of normal.
Horsepower is a function of torque at a given speed and since speed is determined by frequency which isn’t changing, 58% torque = 58% HP. If the load could run with 58% HP, you were using too big of a motor!