A magnetic field coupling analysis and modulation method for a field-modulated permanent magnet motor based on a harmonic group is provided. The method includes: if a permanent magnet excitation source includes an outer surface-mounted permanent magnet and an intermediate permanent magnet and an armature magnetic source is an outer armature winding, acquiring a normal flux density component of an outer air-gap magnetic field of the motor; if the permanent magnet excitation source includes an inner surface-mounted permanent magnet and the intermediate permanent magnet and the armature magnetic source is an inner armature winding, acquiring a coupled flux density component of the outer air-gap magnetic field; calculating a coupling effect ratio, a harmonic characteristic factor, and a harmonic coupling efficiency in sequence from an air-gap flux density; determining positive and negative coupled harmonics according to the harmonic coupling efficiency; and establishing positive and negative coupled harmonic groups respectively.