first i'll tell you about sensors.
I have never worked with IR sensors because i find difficult to debug them.Each time you ned to have camera to chech whether LEDs are glowing or not. So i suggest to use visible LED photo diode pair. Their response is also good.
Talking about motors it actually depends on your track and whether there is ramp(i.e. torque of your motor),and also the speed you desire. For hobby DC motor with 100rpm is sufficient.
and also take care of motor driver ic, i.e. check whether it is capable of providing sufficient current to motor.