Canon said it is using actress Anushka Sharma as its face to focus on youth.
Canon's senior vice-president in India Alok Bharadwaj said, the decision not to renew the contract was purely strategic from the brand's perspective. "Sachin is an icon and we have had a great relationship with him", he added.
Jyothy Laboratories has also decided against renewing its contract with Tendulkar.
Out of a dozen companies whose products Sachin endorses, only one Toshiba said it is currently airing commercials featuring him.
Most of these companies however said, Sachin's infrequent appearances in their commercials have absolutely nothing to do with his likely retirement or lack of form.