I've repaired many motorcycle electronic modules and the main killer is vibration and water, bad connections, followed by dirty power then heat killing semi's. Some are just a weak design. Of course it depends on the bike, but generally a naked 16V IC will not last here.
OP I don't think you will have much success with your circuit. I'd recommend breadboarding it first before making a PCB.
Your circuit and your part value ref. designators don't agree.
Timing cap C2 gets charged and discharged via R1. R2 is in the way. V
OH for a 555 is not so great, to fully turn off the 2907.
You must have some power filtering and transient protection. Don't forget something to act as a fuse if a lamp (socket) shorts, at least cover the IC.
What kind of lamps are these? Q1 is very small.
NE555 datasheet