The induction motor is a high-efficiency machine when working close to its rated operation point. This paper uses a simple induction motor model that includes iron losses. The model, which only requires the knowledge of conventional induction motor parameters, is referred to a field-oriented frame. At steady-state light-load condition the minimum point of the input power can be found with the condition that it is possible to obtain the same torque with different combinations of flux and current values. Using the minimum point. the drive system with the proposed efficiency optimization controller can be controlled easily. Simulation and experimental results show the effectiveness of the control strategy proposed for an induction motor drive.