The fault-tolerant capability of multiphase induction motor (IM) drives without adding extra hardware has been an interesting research subject in recent times. Regardless of the application and reliability requirements, fault tolerance is obtained by the software. Although different types of faults may occur, the most considered is the open-phase one which leads to a reduction in the number of active phases in the multiphase drive. Predictive current control (PCC) was recently proposed in the literature for managing the post-fault operation of the drives when an open-phase fault is considered. In PCC, the motor torque is controlled indirectly by controlling the motor current. Predictive torque control (PTC) can control the motor torque directly. However, PTC-based fault tolerant control of a five-phase IM (FPIM) drive has not been published in the literature. Hence, this fault-tolerant capability using the PTC method for an FPIM has been discussed in this chapter. Detail about the modeling of an FPIM, fault detection, and controller for both healthy and faulty conditions of IM has been discussed. The same model of the drive under both healthy and faulty conditions is considered. But the applied cost function is changed in a faulty condition.