Hi RKA,
Most of the projects have been designed together with our partners at Mercedes-Benz, NVIDIA, and Uber, so they track industry pretty closely.
Here is the Term 2 syllabus: https://medium.com/udacity/term-2-in-depth-on-udacitys-self-driving-car-curriculum-775130aae502
You can start Term 2 with the next cohort that starts after you finish Term 1, which is usually within a few weeks.