Willingness to pay for reduced travel time: Case study of Mumbai - Ahmedabad High Speed Railway

•Empirical evidence of consumers’ willingness to pay for the first HSR corridor in India.•Intends to capture the WTP for HSR and its variation for multiple socioeconomic groups and classes.•Analyses the existing conventional train travellers’ Willingness to Pay for reduced travel time due to HSR.•Low-income travellers, occasional travellers, those in a group, and those on social trips had the lowest WTP.