This paper studies the voltage stability problem in microgrid with multi-induction motor (MIM) loads. Firstly, the dynamic coupling relationship between grid voltage and each motor load slip in microgrid with MIM loads is deduced based on the power balance theory of power system. Then, a multi-source and master slave control based microgrid model is built, where Matlab/Simulink software is used to analyze microgrid voltage stability under circumstances of MIMs superimposed starting and microgrid fault. Through simulation calculation and analysis, the measures to improve the voltage stability of microgrid with MIM loads are proposed. According to the simulation results, the interaction between MIM loads has great influence on microgrid voltage stability. In addition, the critical cleaning time (CCT) of series connected master slave control based microgrid is affected by the distance between three phase short circuit fault location and the induction motor load location, as well as the distance between fault location and main control unit. The microgrid voltage stability can be effectively improved by applying methods of superimposed starting strategy and fast motor cutting strategy. The conclusion provides a reference for voltage stability research and control of the microgrid with MIM loads.