Sinusoidal voltage fluctuations can be considered a specific result of the occurrence of voltage subharmonics and interharmonics, which are components of low frequency or not being an integer multiple of the frequency of the fundamental voltage harmonic. These components—symmetrical subharmonics and interharmonics—are of the same magnitude, while their frequencies are symmetrical with respect to the fundamental frequency. Depending on their phase angles, various kinds of voltage fluctuations can be distinguished: amplitude modulation, phase modulation and intermediate modulation. In this study, the effect of phase angles on noxious phenomena in induction motors was analyzed. Additionally, torque pulsations and vibrations of an induction motor under sinusoidal voltage fluctuation and a single voltage subharmonic or interharmonic were compared. The investigations were performed with the finite element method and an experimental method. Among other findings, it was found that for some phase angles torque pulsations could be about ten times higher than for other angles, roughly corresponding to the amplitude modulation.