Fault diagnosis techniques of electrical motors can prevent unplanned downtime and loss of money, production, and health. Various parts of the induction motor can be diagnosed: Rotor, stator, rolling bearings, fan, insulation damage, and shaft. Acoustic analysis is non-invasive. Acoustic sensors are low-cost. Changes in the acoustic signal are often observed for faults in induction motors. In this paper, the authors present a fault diagnosis technique for three-phase induction motors (TPIM) using acoustic analysis. The authors analyzed acoustic signals for three conditions of the TPIM: healthy TPIM, TPIM with twobroken bars, and TPIM with a faulty ring of the squirrel cage. Acoustic analysis was performed using Fast Fourier Transform(FFT), a new feature extraction method called MoD-7 (Maxima of differences between the conditions), and deep neural networks: GoogLeNet, and ResNet-50. The results of the analysis of acoustic signals were equal to 100% for the three analyzed conditions. The proposed technique is excellent for acoustic signals. The described technique can be used for electric motor fault diagnosis applications.