In this paper, an attempt has been made to design the current and speed proportional and integral (PI) regulators of self-commutating current source inverter-fed induction motor drive having capacitors at the machine end and to investigate the transient performance of the same for step changes in reference speed. The mathematical model of the complete drive system is developed in closed loop, and the characteristic equations of the systems are derived using perturbation about steady-state operating point in order to develop the characteristic equations. The D-partition technique is used for finding the stable region in the parametric plane. Frequency scanning technique is used to confirm the stability region. Final selection of the regulator parameters is done by comparing the transient response of the current and speed loops for step variations in reference. The performance of the drive is observed analytically through MATLAB simulation.