The development of advanced fault diagnostic systems for induction machines through the stator current requires accurate and fast models that can simulate the machine under faulty conditions, both in steady-state and in transient regime. These models are far more complex than the models used for healthy machines, because one of the effect of the faults is to change the winding configurations (broken bar faults, rotor asymmetries, and inter-turn short circuits) or the magnetic circuit (eccentricity and bearing faults). This produces a change of the self and mutual phase inductances, which induces in the stator currents the characteristic fault harmonics used to detect and to quantify the fault. The development of a machine model that can reflect these changes is a challenging task, which is addressed in this work with a novel approach, based on the concept of partial inductances. Instead of developing the machine model based on the phases’ coils, it is developed using the partial inductance of a single conductor, obtained through the magnetic vector potential, and combining the partial inductances of all the conductors with a fast Fourier transform for obtaining the phases’ inductances. The proposed method is validated using a commercial induction motor with forced broken bars.