Nowadays power quality effects on induction motors have gained significant attention due to wide application of these motors in industry. The impact of grid voltage fluctuations on the induction motor behavior is one of the important issues to be studied by power engineers. The degree of iron saturation is a paramount factor affecting induction motors performance. This paper investigates the effects of voltage fluctuations on motor magnetic saturation based on the harmonic content of airgap flux density by finite element method (FEM). It is clarified that the saturation harmonics under normal range of voltage fluctuations have not changed significantly with respect to pure sinusoidal conditions. Experimental results on a 1.1 kW, 380 V, 50 Hz, 2 pole induction motor are employed to validate the accuracy of the simulation results.