Applying the condition monitoring technology to industrial processes can help detect faults in time, minimise their impact and reduce the cost of unplanned downtime. Since the introduction of the Industry 4.0 paradigm, many companies have been investing in the devel- opment of such technology for drive systems. Permanent magnet synchronous motors (PMSMs) have recently been used in many industries. Therefore, the issues of condition monitoring of PMSM drives are important. This study proposes and compares diagnostic schemes based on the stator phase currents (SPCSCs) signal for condition monitoring and fault diagnosis of PMSM stator winding faults. The continuous wavelet transform (CWT) is used for the extraction of the symptoms of interturn short circuits in PMSM stator winding. Machine learning algorithms are applied to automate the detection and classification of the faults. The concept for an original and intelligent PMSM stator winding condition monitoring system is proposed.