This paper deals with an optimal design of surface-mounted permanent magnet motor geometry for achieving minimum torque ripple, minimum RMS value of phase current, and minimum total harmonic distortion of phase currents, simultaneously. A classic multiobjective function is formed as a combination of these single objectives. A dynamic physics-based phase variable modeling approach is used to indirectly couple the motor geometry in the finite element domain to the drive circuit in a simulink environment. The physical behavior of motor is calculated by nonlinear transient FE analysis with motion. A fast hybrid genetic-particle swarm optimization process is developed for shape optimization of the motor. The results before and after optimization show the expected performance improvements while reducing magnet material and copper size.