This paper proposes a modified modulating signal-based pulse width modulation (PWM) scheme for a neutral point clamped (NPC) inverter-based induction motor drive (IMD) for enhancing the power quality of solar photovoltaic (PV) fed water-pumping systems. During the previous several decades, the use of sustainable source-based power generation systems has benefited water pumps in household life, irrigation-based activities, and industrial sectors, especially in areas where the electric grid is less available. A critical concern has long been the power quality, speed, and torque of an induction motor used in solar PV-powered water pumping. This paper focuses on the improvement of power quality performance by minimizing total harmonic distortions (THDs), switching losses and conduction losses, and torque ripples in the induction motor driving the PV-fed water pump by using a modified PWM scheme that generates symmetrical and balanced gate driving signals for the NPC inverter employed in the IMD. The IMD with the suggested PWM switching strategy has been tested in all feasible induction motor operating situations. To demonstrate the effectiveness of the suggested PWM scheme, a performance comparison of the proposed PWM scheme with conventional PWM schemes is performed, and also the IMD with the suggested PWM switching strategy is tested in all feasible induction motor operating situations using the MATLAB/Simulink platform. A reduced scale prototype has also been built and tested in laboratory to validate the performance of the proposed PWM technique.