Asynchronous machines are always widely used in most industrial applications due to their reliability, flexibility, and manoeuvrability. To achieve variable speed operations, the quite simple open-loop V/Hz control is largely utilized. Under open-loop V/Hz control, the nonlinear interaction is well known to cause current and torque oscillations while operating at low to medium speeds under light loads. This article presents the stability analysis of induction motors at low–medium frequencies under no-load conditions with the V/Hz control. A system representation in the form of state space is discussed, and the region of instability is plotted against the V/f plane. Two novel and refined methods for the mitigation of oscillations in the region of instability are presented. The two proposed algorithms are finally tested and validated through simulation on an inverter-fed induction motor drive system.