Permanent magnet synchronous motors (PMSM) are widely used in high performance applications demanding smooth torque, accurate speed and position control. However the existing PMSM drive produces high torque ripples. The major challenge is to develop new torque control schemes to minimize the torque ripples so as to suit the application requirements. This paper describes two instantaneous field oriented torque control techniques - 1) Iterative learning controller (ILC) in combination with hysteresis pulse width modulation and 2) Iterative learning controller in combination with space vector pulse width modulation (SVPWM) to reduce torque ripples in PMSM drive. These techniques are simulated for drive performance under different load conditions using the Simulink library in MATLAB Version 10.0 and the results obtained are presented and compared. The simulation results show that the ILC with SVPWM technique has less torque ripples.