In the present time, many Pulse Width Modulation (PWM) techniques are being used with induction motors to achieve variable speed for more efficient performance of the motor. The main task of the PWM technique is to achieve variable voltage and frequency supply from a three-phase voltage source inverter. The drives based on sinusoidal pulse width modulation control technique have been accepted widely in industry with reduced harmonics in the inverter voltage. Yet due to developments in power electronics and semiconductor technology it provides the authors with significant scope for further improvements in inverter voltage for better controlling performance of the induction motor. Through further reduction of harmonics, the inverter voltage is achieved in this paper by a new space vector pulse width modulation technique efficient with many advantages. In this paper, the Sinusoidal PWM and Space vector PWM inverter fed induction motor drives models have been proposed and simulation is done in the latest MATLAB simulation environment. It is observed that the Space vector PWM inverter gives encouraging results as compared to Sinusoidal PWM Inverter. In the future, the Space vector PWM control technique might be used in industry in place of Sinusoidal PWM control technique with efficient performance