This document proposes a hybrid PWM algorithm to reduce common mode voltage variations in three-phase voltage source inverter fed induction motor drives. It presents a carrier-based approach to generate active zero state PWM techniques through addition of a zero sequence voltage. To further reduce harmonic distortion, a hybrid PWM technique is presented based on analysis of stator flux ripple. Simulation results on a v/f controlled induction motor drive show that the proposed algorithm minimizes common mode voltage variations compared to the space vector PWM algorithm.