Correct. For a three phase motor connected in delta there is, by definition, no neutral point. For a motor connected in star the star point is effectively the neutral. However, if the system is balanced, ie, each phase has the same impedance, voltage and hence current, the current into, or out of, the star point is zero. So no need for a physical wire. Small three phase motors are generally considered to be balanced loads.
I've just wired up my Britan lathe to the three phase supply in the workshop and there is no neutral connection, just three phases and earth. The main drive motor clearly runs in both delta and star configurations, but still no need for a neutral.
Regards,
Andrew