Jallu - these are first-generation Airfix slotcars from about 1963. Those old Airfix motors are very simple. I assume the motors turn but do not run if you put power to the terminals?
If you look at the front end where the braid wires are fixed, you will see the flat copper springs which hold the contact brushes. Older versions like yours probably have wire springs. Later ones were flat copper springs.
If the springs are missing, that will be your problem.
If the springs are there, carefully lift them slightly. The motor brushes are underneath. They should be little cylinders 1mm diameter and 3mm long. They should slide in and out freely and press against the flat contact piece (the commutator) on the end of the rotating part (the armature). They get very dirty and sometimes oily. If yours are stuck or dirty, take them out and clean them as this might be your problem.
(Later versions of these Airfix cars had normal Mabuchi/S-can motors fitted, as well as windscreens and chrome parts. There’s plenty of room in the shell for them if you decide to go that way, but you’ll need to do some work to make a mounting for them.)
It looks like the green Lotus might have the Ferrari wheels fitted, or else have been repaired with red plastic. The Lotus should have green, web-spoke wheels and the Ferrari should have red, wire-pattern wheels. All the wheels and axles can be changed between the cars. The silver chrome wheels are from a later car.
The cars are made of polystyrene like a normal Airfix static kit. They were easy to break even when new, but easy to repair with model-kit glue, and easy to paint.
If you use Scalextric track, you may find the guide pins on these Airfix cars are too wide and need to be ground down to fit the slot. There is no problem with the grey Airfix track if your set has that. You’ll find the cars run very nicely, with good handling.
Please post an update, and good luck!
Mike