Multiphase permanent-magnet synchronous machines (PMSMs) are receiving more and more interest in safety-critical modern industries owing to their higher reliability when compared with conventional three-phase PMSMs. Rotor magnets are critical components, which, in case of fault, directly affect the performance of the PMSMs. Thus, monitoring the rotor magnets status is essential to ensure both high level of efficiency and service continuity. The present study focuses on the investigation of a new approach for the detection of rotor magnet demagnetisation in a vector-controlled asymmetrical six-phase surface-mounted AC PMSM. The main contribution of the proposed technique is the assessment of a rotor demagnetisation fault index derived from the fifth and seventh harmonics of the stator voltage space vector evaluated in the α 5–β 5-plane, and already available in the control system platform. The performance of the proposed approach is evaluated using finite element analysis and numerical simulations, both validated by experimental tests.