This paper presents the results of an ongoing investigation focused on the development of an expert system for condition monitoring of induction motors fed by Voltage Source Inverters (VSIs), extrapolating a previously successfully proven method suited for utility supply. However, when trying to obtain a generic method valid for any type of converter and at any operating frequencies further considerations have to be made. A controlled laboratory experiment has been performed in which a great deal of tests was carried out progressively drilling a hole in one of the rotor bars of an induction motor. A statistical analysis of the results is presented in detail and some conclusions useful for condition monitoring are drawn.