A method of magnetizing a permanent magnet motor involves inserting a spacer in between multi-layered windings (24Ua and 24Va) wound on a plurality of magnetic pole teeth when magnetizing an unmagnetized magnet (26), and removing the inserted spacer (28A) after finishing the magnetization. The spacer (28A) is also inserted in a space between two stator windings (24Ua, 24Va; 24Ub, 24Vb) wound on two magnetic pole teeth adjacent to each other, a magnet material is magnetized by electrifying the stator windings with a direct current in a state of the spacer (28A) being inserted, a permanent magnet is thus formed, and the spacer (28A) is removed after finishing the magnetization.