Three phase induction Induction in Motor motors employ a simple construction made up of a stator protected with electromagnets, and a rotor made up of conductors shorted at each end, arranged as a “squirrel cage”. They focus on the principle of induction 
where a rotating electro-magnetic field it developed through the use of a three-phase current at the stators electromagnets. This in turn induces a current in the rotor’s conductors, which in turns generates rotor’s magnetic field that attempts to follow stator’s magnetic field, pulling the rotor into rotation.
Great things about AC Induction Motors are:
Induction motors are simple and rugged in construction. They are better quality and can operate in virtually any environmental condition
Induction motors are cheaper in cost because of simple rotor construction, lack of brushes, commutators, and slip rings
They are free of maintenance motors unlike dc motors because of the lack of brushes, commutators and slip rings
Induction motors could be operated in polluted and explosive environments as they do not have brushes that may cause sparks
AC Induction motors are Asynchronous Machines meaning that the rotor will not turn at the specific same speed as the stator’s rotating magnetic field. Some difference in the rotor and stator acceleration is necessary to be able to make the induction in to the rotor. The difference between the two is named the slip. Slip should be kept within an optimal range to ensure that the motor to operate efficiently. Roboteq AC Induction controllers can be configured to operate in one of three modes:
Scallar (or Volts per Hertz): an Open up loop mode in which a command causes a simultaneous, fixed-ratio Frequency and Voltage change.
Controlled Slip: a Closed Loop speed where voltage and frequency are managed in order to keep slip inside a narrow range while running at a preferred speed.
Field Oriented Control (Vector Drive): a Closed Loop Speed and Torque control that works by optimizing the rotating field of the stator vs. this of the induced field in the rotor.
Discover this video from Learning Engineering for a visual illustration on how AC Induction Motors are constructed and function.