The benefits of utilizing Switched Reluctance Motor (SRM) drives in traction applications can be realized fully by improving the electromagnetic performance of the machine in the generating mode of operation. This is because the generating capability of an SRM drive could be utilized for regenerative braking and also for the machine to generate power for the vehicle while the engine is in operation. In this paper, a current profiling-based control strategy is proposed to reduce the torque ripple in an SRM drive in the generating mode. The reference current profile is determined using a multi-step computation method to minimize torque ripple and maximize the average torque. The reference current profile is derived based on the reference torque command by utilizing the torque–current–angle look up table. The flux linkage characteristics of the SRM are considered when deriving the phase reference current profile. Then, the performance of the proposed profiling method, analytical linear and cubic torque sharing functions (TSFs), and the average torque optimization scheme are compared using simulation results. Finally, an experimental correlation is performed to validate the efficacy of the proposed control scheme.